The crypto market is showing signs of stability as the total market cap reached $2.2 trillion, reflecting a 0.58% increase over the last 24 hours. The Fear & Greed Index, a measure of market sentiment, remains neutral at 51, indicating balanced investor emotions.
Bitcoin Price Analysis: ETFs To Fuel BTC Price?
The price of Bitcoin is currently constant at $63,021.31, having not changed during the last day. On the other hand, a notable decline in trading volume of 51.40% may indicate that the market is not experiencing any immediate impetus. Although there has been excitement following the $150 million investment into Bitcoin ETFs, a price breakout has not yet occurred.
Interested in BTC price targets? Our Bitcoin Price Prediction answers that and much more!
Altcoin Watch: Altseason Coming Soon?
Ethereum continues its upward movement, trading at $2,590.56, up by 1.55%. Meanwhile, Solana witnessed a modest price increase of 0.37%, trading at $147.32, while XRP saw stronger momentum with a 2.65% increase, now priced at $0.5976. With altcoins making steady moves and increasing in dominance, the hopes for an altseason soar high.
For long-term price targets of ETH, read our Ethereum Price Prediction.
Top Gainers:
- Pendle took the spotlight today, rising 24.81% to $4.34 in 24 hours, driven by a spike in staking activity on its platform.
- Bittensor also saw a robust 14.14% gain, with its price climbing to $462.89.
- Akash Network secured a 10.32% increase, reaching $2.90.
Top Losers:
- Celestia led the list of decliners, down 3.98% to $5.64.
- Quant also faced a 2.70% decline, now priced at $73.54.
- Meme coin Popcat followed, falling by 2.20% to $0.8725.
Market Sentiment Shift
With ETF inflows on the rise, the crypto market could see a potential shift in sentiment as we approach the weekend. Keep an eye on Bitcoin’s trading volume for further insights.
