Crypto Markets On Bull Run As Bitcoin Breaks $43k

Cryptocurrencies continued their bullish run on Saturday as investors became less concerned about the FUD (Fear, Uncertainty and Doubt) surrounding their favourite digital assets.

Bitcoin was trading above $43,000 for the first time since May as it gained 7 percent in the last 24 hours to $43,420 as of report time, according to data from CoinDesk. The largest cryptocurrency is now up nearly 50 percent this year.

Ether, the second-largest cryptocurrency, has been on a nitro-boosted rally after Ethereum's much-hyped London upgrade took effect on Thursday. Ether has gained 7 percent in the last 24 hours to reach $2,980 for the first time since May as of report time, and its year-to-date returns now stand at 301 percent.

Crypto investors have thrown caution to the wind, as evidenced by the recent rise in the Ether–Bitcoin price ratio, and the trend looks set to continue.

All other major cryptocurrencies also gained, including Ripple's XRP (+4.5%), Cardano's ADA (+5%), Dogecoin (+7%) etc. The cryptocurrency market now has a market cap of $1.77 trillion.