The cryptocurrency landscape has witnessed a notable upswing, reflecting a 3.83% rise over the past day. This surge has propelled the global market cap to a staggering $2.44 trillion. Alongside this growth, intraday trading volumes have also experienced a healthy increase of 5.95%, reaching $103.73 billion. Despite the pullback of Bitcoin’s (BTC) price to the $71k level, the Fear & Greed Index remains steadfast at a score of 67, indicating a pervasive sense of “Greed” among traders.
Bitcoin’s Path to All-Time High: A Temporary Setback?
At the time of writing, Bitcoin’s price has seen a slight uptick of 0.58%, currently priced at $71,812.80. This follows a climb to its 24-hour high of $73,577.51. The 24-hour trading volumes for Bitcoin have risen by an impressive 7.13%, underscoring the currency’s continued favorability among investors. This surge in numbers can be attributed, in part, to the influx of over $1 billion into Bitcoin ETFs. Additionally, the presence of a pro-crypto candidate like Donald Trump leading the U.S. election prediction markets has added to the optimism. Consequently, a new all-time high for BTC could be on the horizon.
Curious about Bitcoin’s outlook? Check out our Bitcoin Price Prediction for insights into BTC’s trajectory.
Altcoin Highlights: Navigating Mixed Fortunes for ETH, SOL, and XRP
Ethereum (ETH) has experienced a modest 1% increase over the past day, bringing its price to $2,656.57. Conversely, Solana (SOL) faced a decline of 3.07%, dropping to $175.10, marking one of the more notable pullbacks among altcoins. Meanwhile, XRP’s price saw a slight decrease of 0.99%, settling at $0.52.
Explore our Ethereum Price Prediction to see if ETH could hit new highs.
Top Gainers and Losers: Maker Ascends, Kaspa Declines
Leading the day’s gainers is Maker, which rose by an impressive 6.89% to reach $1,194.23. Following closely are Mantra and Chainlink, with gains of 5.78% and 4.21%, respectively. On the downside, Kaspa experienced a significant drop of 8.41%, falling to $0.1066, while Bittensor and Stacks also posted declines.
Stay informed with our updates as the crypto market sentiment remains positive yet cautious, keeping traders alert to potential shifts.
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