According to the CoinMarketCap portal, in the last 24 hours the price of bitcoin has experienced an increase of over 4%, reaching its highest price since June 2022 by surpassing $29,000 per unit. This rise comes after several weeks of uncertainty in the crypto market, with a significant drop in the value of bitcoin and other cryptocurrencies following China’s decision to ban transactions with digital currencies and the tightening of regulations in other countries.
Likewise, the value of ethereum has also registered a rise of 3%, reaching 1,898 dollars per unit. This cryptocurrency has been the subject of great interest in recent times due to its advanced blockchain technology, which allows for greater efficiency in carrying out transactions and smart contracts.
The bitcoin and ethereum price rally comes at a time when more regulation in the crypto market is expected from governments around the world. The growing popularity of these digital currencies has raised concerns about their use for illegal activities as well as consumer and investor protection.
Despite these fears, many experts believe that the future of the crypto market is promising, as the underlying blockchain technology has the potential to transform various industries and sectors of the global economy. Furthermore, interest in cryptocurrencies remains high, with increasing adoption by corporate and institutional investors looking to diversify their portfolios and take advantage of the investment opportunities offered by this market.