Bitcoin Hits $64,700 Per Coin

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Bitcoin (XBT/USD) is currently trading at $64,700 per 1 BTC.

Bitcoin dominates the market with a share of approximately 70%.

The total market capitalization of the cryptocurrency market exceeds $3.2 trillion USD.

Ethereum (ETH/USD) is trading at around $1,910 per 1 ETH.

Ripple (XRP/USD) is valued at $1.1 per coin.

Market leaders in terms of trading volume and capitalization are:

- Bitcoin,

- Ethereum,

- USDT,

- Solana, BNB Chain, Dogecoin.

It is important to note that cryptocurrency pricing is driven by the interplay of supply and demand on exchanges, where prices are formed through buy and sell orders. Key factors include limited supply, liquidity, technological updates, news, regulation (laws/bans), mining costs, market sentiment, and speculation, resulting in high volatility due to decentralization and the absence of a single regulator.

This overview was provided by Alexey Grishchenko, Ph.D., Professor of the Department of Operational and Sectoral Management at the Faculty of "Higher School of Management" of the Financial University under the Government of the Russian Federation.