Cryptocurrency prices today: Bitcoin crosses $38,000 as outlook improves; Ether rises almost 5%

The sharp volatility observed in the crypto market seems to be disappearing and a chain of positive developments are pushing up the value of digital coins. Though popular cryptos are like Bitcoin and Ether are much lower than all-time highs, prices seem to be stabilising. Check latest crypto trends and rates.

The high volatility seen in the cryptocurrency market over the past month seems to be tapering, with prices of popular digital coins stabilising and rising. 24-hour change Market cap (Billion) Volume (24 Hours) At 9:50 am, Bitcoin's price increased to nearly $38,000, up over 3 per cent compared to its price 24 hours ago. Ethreum’s (Ether) value has also increased by over 4 per cent to nearly $2,800. By 10:30 am, the price of Bitcoin had crossed $38,000. Much of the reason behind the stabilisation in prices is higher inflows in the crypto market last week after hitting record outflows in the previous two, reported news agency Reuters on the basis of data from digital currency manager CoinShares.