Bitcoin Is Persistent On Its Rise, Ethereum Is Breaking Records!

Bitcoin is persistent on its rise, Ethereum is breaking records! Dogecoin continues to rise with the support of Elon Musk. We have compiled the important developments in the crypto market today.

Today has been a fertile day for the cryptocurrency market. So much so that the leading cryptocurrency Bitcoin (BTC) once again broke the $ 38,000 level which it broke on Friday. In addition, the volume of the crypto market has reached 1.13 trillion dollars today for the first time in history. Bitcoin (BTC), which broke an all-time record with $ 42,000 on January 8, dropped to around $ 30,000 in the following period. Nowadays, Bitcoin, which is winking at its old levels, promises hope to its users.   Ethereum Reaches a Record Level Ethereum (ETH), the second largest unit of the cryptocurrency world, has crowned its recent upward trend with record levels. The second largest crypto, Ethereum, broke its all-time record at around $ 1,680, after which it declined slightly. Ethereum, traded at $ 730 on the first day of 2021, doubled its price in about 1 month. In addition to Ethereum's record, transaction fees also broke records due to density. It is stated that in the last 24 hours alone, Ethereum (ETH) miners have earned $ 22.75 million from transaction fees. The average fee for a transaction done on the Ethereum network today has hit an all-time high of about $23. Rising prices also made it expensive to use decentralized applications such as Uniswap. On Wednesday, it was reported that the total value locked in the DeFi industry exceeded $ 32 billion and the DeFi market value reached $ 40 billion.   Musk is Not Withdrawing From Dogecoin One of the unexpected rises of the day came from Dogecoin, which first entered the crypto money market as "joke money". Elon Musk is undoubtedly behind Dogecoin reaching so many investors in a short time. When Elon Musk, the founder of SpaceX and Tesla, mentioned Dogecoin in his posts on Twitter today, crypto took off. After Musk's post, Dogecoin geined 60 percent in 1 day. With the Dogecoin tweets that Musk posted on January 29, the crypto had reached its highest level of $ 0.0791.       Source: Investing.com