The cryptocurrency market has been experiencing a significant surge in bullish activity, starting from the early trading hours in Asia today. This upward momentum has led to a notable increase in the global market capitalization, which has climbed by 1.89%, reaching $3.38 trillion. However, it’s interesting to note a substantial decrease in trading volume, down by 25.45% to $148.18 billion. Despite these shifts, the prevailing sentiment remains positive as the Fear & Greed Index holds steady at an “Extreme Greed” score of 84, underlining the optimistic outlook of investors and traders alike.
Bitcoin Price Today: BTC Inches Closer to $98k
Bitcoin continues its upward trajectory, gaining 2.08% in the last 24 hours to reach $97,486.24. This growth comes even as its intraday trading volumes have seen a significant drop of 34.48%. Despite these fluctuations, Bitcoin’s market capitalization has increased to $1.93 trillion, maintaining its dominance with a market share of 57.02%. The resilience shown by Bitcoin amidst recent liquidations has fueled investor optimism, with many eagerly anticipating the $100k milestone. For those curious about when Bitcoin might hit this target, our detailed Bitcoin Price Prediction offers insights into potential timelines.
Altcoins Watch: ETH Sinks, SOL & XRP Rise Up!
In the altcoin segment, Ethereum has experienced a slight dip, declining by 1.24% to a value of $3,590.91. In contrast, Solana and XRP have shown remarkable performance, with gains of 3.32% and 12.51%, respectively. XRP’s significant rise underscores its status as a preferred choice among altcoins, maintaining its momentum in the market. As traders adjust their portfolios, Ethereum’s modest slip contrasts with Solana and XRP’s upward momentum, with XRP emerging as one of the day’s top gainers. For more on Ethereum’s potential by the year’s end, explore our comprehensive Ethereum Price Prediction.
Top Gainers:
- Algorand (ALGO): +27.65% to $0.3746
- Peanut (PNUT): +16.89% to $1.30
- XRP: +12.78% to $1.66
Top Losers:
- Ethereum Name Service (ENS): -13.32% to $33.37
- Ethereum Classic (ETC): -4.52% to $31.72
- Sui (SUI): -3.44% to $3.42
Stay informed with our daily updates as the dynamic landscape of cryptocurrency continues to evolve, presenting new opportunities and challenges for investors. Keep checking back for the latest in market movements and trends.
