
Bitcoin price brushed a new all-time high of $107,780.58 earlier today
Michael Saylor proposes Bitcoin as a solution to address the U.S. debt crisis
Former RBI governor Raghuram Rajan joins Ripple Advisory Board
The crypto market today has resumed its bullish momentum, with investor optimism fueling the industry’s market cap to $3.73 trillion, a 1.08% spike in 24 hours. Successively, the trading volume too shot up an impressive 28.53% to $204.47 billion. Meanwhile, the Fear & Greed Index stands at an “Extreme Greed” score of 81, as Bitcoin achieves a new all-time high.
BTC Breaks Records: Michael Saylor Proposes Bitcoin Framework
Bitcoin has led the market’s rally by claiming another all-time, this time at $107,780.58. After a meaty run, the BTC price is presently changing hands at $106,484.21. Its intraday trading volume with a surge of 29.72% to $80.64 billion, continues to bolster the strong demand for Bitcoin. Moreover, Michael Saylor’s recent proposal to use Bitcoin to address the U.S. $36 trillion debt crisis has sparked discussion amongst the folks in crypto town.
Explore our Bitcoin Price Prediction for deeper insights into BTC’s future trajectory.
Altcoins Today: ETH, XRP Rise While SOL Slides
Ethereum price saw a minor uptick of 1.14% on its daily chart, trading just above the $4,000 mark. XRP ceased the moonish trend with a 3.37% price gain to $2.49, this could also be complemented by the news of former RBI governor Raghuram Rajan joining Ripple’s advisory board. Solana on the other hand, chose to differ with a 3.80% dip to $213.42.
For an in-depth insight into ETH’s price performance, check out our Ethereum Price Prediction.
Top Gainers:
- BGB: Climbed 14.29%, emerging as the day’s top performer.
- CRO: Gained 8.09%, sustaining positive momentum.
- APT: Increased by 4.99%, reflecting strong investor support.
Top Losers:
- HNT: Dropped 13.05%, leading the market decline.
- RAY: Fell 9.03%, facing bearish sentiment.
- ENA: Lost 8.20%, lagging behind its peers.
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FAQs
The Fear & Greed Index is presently at 81, indicating “Extreme Greed.”
BGB (+14.29%), CRO (+8.09%), and APT (+4.99%) led the day’s top gainers.
Bitcoin’s rally was fueled by growing optimism and increased trading volume.