The cryptocurrency market today has surged by 3.65% in the past 24 hours, bringing the total market capitalization to $3.31 trillion. Despite a 10.08% drop in trading volumes to $202.15 billion, market sentiment continues to remain bullish, as reflected in the Fear & Greed Index, which stands at 84, indicating extreme greed.
Bitcoin (BTC) price continues to lead the crypto rally, surpassing the $95k mark with a 2.70% spike in the last 24 hours. BTC is now valued at $95,350.71, maintaining its dominance at 57.06% of the total market cap, which currently sits at $1.89 trillion. Despite a 22.02% dip in intraday trading volumes, Bitcoin’s robust momentum is supported by institutional interest, with BTC ETFs registering an inflow of $103 million.
Curious about BTC’s price potential targets? Explore our Bitcoin Price Prediction for insights into its future trajectory.
Ethereum (ETH) demonstrated notable strength, climbing 5.15% to reach $3,578.02. It also recorded ETF inflows of $90 million, highlighting growing investor confidence. Solana (SOL) followed suit with a 3.32% rise to $237.41, while XRP outperformed with a 7.32% surge, trading at $1.47.
Interested in the largest altcoin Ethereum’s future price targets? Read our ETH Price Prediction for potential targets!
Among the top-performing tokens, Ethereum Name Service (ENS) led the market with a staggering 32.94% increase, trading at $33.78. Ethena and Stellar also posted significant gains of 19.41% and 13.43%, respectively.
On the losing side, Mantra saw the sharpest decline, dropping 5.26% to $3.48. Fantom (FTM) and Algorand (ALGO) also registered minor losses, down 1.85% and 0.85%, respectively.
The cryptocurrency market’s bullish trajectory, led by Bitcoin’s impressive rally and strong altcoin performance, reflects growing investor optimism. The market’s resilience amid declining trading volumes suggests confidence in the long-term potential of digital assets.
For more updates on cryptocurrency trends and insights, stay tuned to our daily reports.
Bitcoin (BTC) price at the time of press is changing hands at $95,350.71.
The cost of 1 Ethereum (ETH) token at the time of press is hovering around $3,578.02.
Ethereum Name Service (ENS), Ethena (ENA), and Stellar (XLM) are leading the top 100 gainers, with gains of +32.94%, +19.41%, and +13.43% respectively.
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