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The leading cryptocurrency, Bitcoin (BTC-USD) continues its impressive rally for a fifth consecutive day, extending its upward trajectory and surpassing the significant $59,000 mark.
On Wednesday, the leading cryptocurrency surged by 6% to $59,409, pushing its market capitalization to a staggering $1.15 trillion within the past 24 hours.
Following suit, Ethereum, the second-largest cryptocurrency, also witnessed a positive trend, registering a 2% increase. Its trading value climbed to $3,319 and its market cap to $400B.
This positive momentum has triggered a recovery in several altcoins, including Ripple (XRP-USD) +4%, Binance Coin USD (BNB-USD) +1.3%, and Dogecoin (DOGE-USD) +2.7%, which had previously experienced losses.