The cryptocurrency industry has once again surged, achieving a total market capitalization of $2.19 trillion. This resurgence was notably influenced by the positive US Jobs Report, which alleviated worries over a potential economic slowdown and boosted enthusiasm for riskier assets, such as cryptocurrencies. Consequently, the market is experiencing heightened activity, with intraday trading volumes soaring by 73.81% to reach $61.08 billion. As of the latest data, the Fear & Greed Index stands at 43, reflecting a neutral sentiment in the market.
Bitcoin Price Update: BTC Price Crosses the $62 Mark!
Bitcoin (BTC) has witnessed a 1.21% increase over the past 24 hours, currently trading at $62,861.64. The robust US jobs report spurred demand for US Bitcoin spot ETFs, resulting in a net inflow of $25.6 million. This shift in the supply-demand dynamic has reinforced Bitcoin’s price stability. Notably, Bitcoin’s 24-hour trading volume surged by 97.84%, indicating growing market interest. Curious about BTC’s future price targets? Our comprehensive Bitcoin Price Prediction provides insights into that and much more!
Altcoin Watch: Mog Coin Becomes Top Gainer Today
Ethereum (ETH) is also on an upward trajectory, trading at $2,462.20, marking a 1.38% increase over the previous 24 hours. Solana (SOL) continues to perform well, rising by 1.89% and currently trading at $146.88. Meanwhile, XRP saw a modest rise of 0.76%, reaching $0.5349. Interested in the long-term price forecasts for ETH? Dive into our Ethereum Price Prediction for detailed insights.
Top Gainers
Leading the list of top gainers is Mog Coin, boasting a remarkable 16.69% increase, trading at $0.0000001681. Following Mog Coin is Dogwifhat, which climbed 14.94% to $2.61. Sui also demonstrated strong performance, rising 12.52% to $1.95.
Top Losers
On the downside, Monero (XMR) experienced the largest decline, dropping 4.31% to $144.84. Kaspa (KAS) saw a decrease of 3.85% to $0.1414, while Maker (MKR) fell 3.77% to $1,407.54.
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