In a stunning rebound, Bitcoin has surged past the $64,000 mark, reclaiming its bullish stance after a recent dip to $57,000 last week. This resurgence follows the fourth Bitcoin halving, signaling renewed optimism across the crypto market.
The crypto market as a whole is experiencing a robust uptick, with its global market cap nearing a whopping $2.4 trillion, marking a notable 1.5% surge over the past day.
This surge reflects a resurgence in investor confidence, spanning beyond Bitcoin to encompass Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA).
Bitcoin (BTC)
Bitcoin is leading the charge with a 1.17% surge, smashing through the $64,000 barrier to settle at an impressive $64,132.50. With its market cap standing tall at $1.26 trillion, this surge hints at the beginning of what enthusiasts call “bull run phase 2.”
Ethereum (ETH)
Ethereum, the powerhouse of decentralized finance, has flexed its muscles with a 1.73% rally, reaching $3,148.06. Despite the uptick, Ethereum’s trading volume saw a minor dip of 3.24%, amounting to $8.28 billion.
Solana (SOL)
Meanwhile, Solana has staged a remarkable comeback, edging closer to the $150 milestone with a 1.58% upswing to $147.81. However, SOL’s trading volume witnessed a significant downturn of 53.70%, clocking in at $1.51 billion over the past 24 hours.
XRP and Cardano (ADA)
XRP has surged past the $0.53 mark, marking a 1.16% ascent to $0.5339, accompanied by a robust 19.07% surge in trading volume, reaching $540.58 million. Cardano (ADA) also witnessed a modest uptick of 0.64%, settling at $0.4588, albeit with a 13.99% decline in trading volume to $222.55 million.
Dogecoin (DOGE) and Shiba Inu (SHIB) prices both registered gains today, with DOGE up by 1.77% to $0.1626 and SHIB rising by 1.22% to $0.00002479.
Today’s top performers include Worldcoin (WLD), soaring by an impressive 16.80% to $5.87, Fetch.ai (FET) rallying 12.99% to $2.40, and SingularityNet (AGIX) surging by 12.28% to $0.9827. On the flip side, notable laggards include Dogwifhat (WIF) declining by 3.10% to $3.30, Core (CORE) dipping 1.79% to $1.94, and Sei (SEI) dropping 1.02% to $0.5672.
The positive momentum in the cryptocurrency market today reflects increasing investor confidence, with notable performances across various altcoins, suggesting an optimistic outlook for the broader crypto space.
With investor confidence on the rise, where will the crypto market head next? Stay tuned to Coinpedia to find out!
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