Today, the cryptocurrency market has started on a strong bullish trajectory, highlighted by Bitcoin reaching a remarkable new all-time high (ATH) exceeding $106,000. This significant achievement has propelled the industry’s market capitalization up by 1.72%, reaching an impressive $3.7 trillion. The prevailing optimism has also been reflected in a 24.55% rise in trading volumes, which have surged to $159.63 billion. The positive sentiment is further underscored by the Fear & Greed Index, which currently registers an extreme greed score of 80, indicating heightened investor confidence.
Bitcoin Breaks All Previous Records, Creates New ATH
Bitcoin continues to be the powerhouse driving the market’s upward momentum. Just hours ago, BTC set a new all-time high of $106,488.25, and it is currently trading at $104,980.21. This notable achievement has been accompanied by a dramatic 61.86% increase in intraday trading volumes, now totaling $62.53 billion. Enthusiasm is building among investors and market analysts, with many speculating that Bitcoin could touch the $110,000 mark by the end of the year. For those curious about the future direction of Bitcoin’s price, our comprehensive Bitcoin (BTC) Price Prediction offers valuable insights into potential price targets.
Altcoins Today: ETH, SOL Spike Up, While XRP Slips
The landscape for top altcoins presents a mixed bag of performance figures. Ethereum has experienced a modest rise, with its price climbing by 2.03% to $3,968.67. Solana, on the other hand, has posted a relatively subdued gain of 1.29%, bringing its price to $222.59. In contrast, XRP has seen a slight decline, dipping by 1.08% to $2.41. Despite these mixed results, the market has still seen considerable activity, with several notable gainers and losers among the top 100 cryptocurrencies. If you’re interested in exploring Ethereum’s potential further, our latest Ethereum Price Prediction provides an in-depth analysis.
Top Gainers & Losers:
In the competitive arena of the top 100 cryptocurrencies, Ondo has emerged as the leader, experiencing a significant surge of 14.57% to reach $2.10. Hot on its heels is Fantom (FTM), which has gained 14.32%, and VIRTUAL, which has climbed 13.65%. On the flip side, KuCoin Token (KCS) has faced a setback, dropping by 7.95%, followed by Kaia, which slipped by 6.84%, and Curve DAO Token (CRV), which decreased by 5.47%. To stay ahead of the market trends and receive timely updates on the latest crypto news and price changes, consider subscribing to our newsletter.
FAQs
How much is the global cryptocurrency market cap today?
The total global cryptocurrency market cap is currently valued at $3.7 trillion, marking a 1.72% increase over the last 24 hours.
Which cryptocurrencies gained the most today?
The top gainers today include Ondo, which rose by 14.57%, followed by Fantom with a 14.32% increase, and VIRTUAL, which climbed 13.65%.
What is the current Fear & Greed Index score?
The Fear & Greed Index currently stands at 80, indicating a state of “Extreme Greed” in the market.
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