On Wednesday, April 26, the price of the leading cryptocurrency rose above the $29,000 level. At one point, Bitcoin reached $29,130 (on the Binance exchange).
Following Bitcoin, the second-largest cryptocurrency by market capitalization also rose. Ethereum is trading above $1,900, up 5% over the last 24 hours, according to CoinGecko.
Among the top-10 by market capitalization, Cardano (ADA) and Polygon (MATIC) rose the most in the last 24 hours. Each gained 6.9%.
The ‘Fear and Greed Index’ is at 56, indicating investor optimism.
First Republic Bank shares collapsed 57% over the last 24 hours after quarterly results, as deposits at the bank declined from $176.4 billion to $104.5 billion.
Earlier on April 19, Bitcoin fell below the important $30,000 level, and Ethereum traded below $2,000. On April 22, the leading cryptocurrency fell to $27,000.
Analysts at Standard Chartered forecasted a rise in digital gold to $100,000 by the end of 2024. They also noted the end of the crypto winter.