The global cryptocurrency market has experienced a positive shift, with a 0.69% increase bringing the total market cap to $2.36 trillion. The 24-hour trading volume saw an impressive 80.85% surge, reaching $76.3 billion. Market sentiment continues to trend in the “Greed” zone, as indicated by the Fear & Greed Index at 63.
Bitcoin’s price remains steady, slipping slightly by 0.24% to $68,210.67, though it briefly touched above $69,000 for the first time in a month. The correction despite the $20B ETF inflow has been a let-down for investors. Irrespective of this minor setback, Bitcoin dominance holds at 57.2%. Interestingly, Bitcoin’s 24-hour trading volume spiked by 92.86%, suggesting heightened market activity. Though the all-time high of $73,750.07 remains distant, the market seems poised for potential upward movement.
Keen about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!
ETH price continues its upward trajectory, rising 2.23% to $2,706.51, with Ethereum’s dominance now at 13.8%. Solana also saw a solid 4.74% rise, hitting $166.34, while XRP joined the rally with a 2.99% gain, now at $0.5561.
Curious about the long-term price targets of ETH? Read our Ethereum Price Prediction
Memecoins and altcoins have once again captured the spotlight, with several experiencing impressive gains. Apecoin led the top gainers with a 26.67% jump, followed by dydx, which surged 17.39%. Memecoin MEW also climbed 10.17%, adding fuel to the ongoing meme coin rally.
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As the market remains in a “Greed” phase, investors are keeping a close watch on Bitcoin’s next moves, while altcoins and meme coins continue to lead the charge, offering exciting opportunities for gains.
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