Bitcoin Rises 5%, Ether Rally 11%. Check cryptocurrency prices today

The global crypto market capitalization today bounced back above $1 trillion, as it was up more than 5% in the past 24 hours to $1.02 trillion, according to CoinGecko.

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, also rose more than 11% to $1,485. Meanwhile, the dogecoin price today traded over 8% higher at $0.06, while Shiba Inu was also around 4% up at $0.000010.

The performance of other crypto prices today also improved such as Avalanche, Binance USD, Chainlink, Tether, ApeCoin, Solana (up 10%), Cardano (up 10%), Polygon, XRP, Terra, Stellar, Uniswap, Tron, Litecoin, Polkadot -prices traded with gains in the last 24 hours.

“BTC has been constantly testing the $19,000 support level for a while before rising above $20,000. Similarly, ETH tried to break the $1,300 support level, but it held strong and is currently near $1,500. The momentum is likely to continue shortly as well. “Part of this upward movement can be attributed to the election of Rushi Sunak as UK Prime Minister. His stance on digital assets could lead to regulatory clarity in the UK,” said Edul Patel, CEO and co-founder of Mudrex.

Apple Inc. updated its App Store guidelines on Monday with new and clearer language explaining its policy on trading cryptocurrency and non-fungible tokens.

The company has no problem with crypto exchanges or other apps that allow trading of digital tokens and currencies, provided those exchanges have the necessary regional licenses to operate where the app is distributed. But for apps to sell NFTs and related services, they must go through Apple’s in-app purchase systems and “cannot include buttons, external links or other calls to action that direct customers to purchase mechanisms other than in-app purchases.”

Bitcoin has traded in near-lock-step with risk assets over the past couple of years, as pandemic-era stimulus flooded the global economy and then as central banks like the Federal Reserve raised interest rates to combat worsening inflation.

(With input from agencies)