Cryptocurrency Market Overview: The crypto market has seen a positive shift over the past 24 hours, growing by 0.96% to reach a market cap of $2.27 trillion. Bitcoin dominance continues to strengthen, reaching 57%, while Ethereum maintains its 13.7% hold on the market. Meanwhile, the Fear & Greed Index remains neutral at 56, indicating a balanced sentiment among investors.
The BTC price continues its steady ascent, presently trading at $65,425.44, up by 0.86% over the last 24 hours. The leading cryptocurrency is displaying resilience as traders anticipate a potential breakout beyond its current resistance levels. 24-hour trading volumes have surged by 27.9%, reflecting renewed interest in BTC.
Curious about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!
Ethereum has gained 2.15%, now priced at $2,587.64, while Solana is the day’s top-performing altcoin, surging by 5.77% to $152.70. XRP, however, slipped slightly by 0.22%, trading at $0.537. Despite the dip, excitement is building around Ripple’s upcoming Swell 2024 event, which could unveil new developments like the RLUSD stablecoin and advanced custody solutions.
Keen on the long-term price targets of ETH? Read our Ethereum Price Prediction
World Liberty Financial (WLFI), a Trump-backed project, has shot up by an impressive 162.45%, now priced at $0.000000001466. This surge comes as the coin prepares for its official launch, drawing attention from investors looking for potential quick gains.
Bitcoin Cash (BCH) has jumped 9.51% to $360.81, with MEW also posting solid gains, up by 8.34%. On the losing side, Bittensor (TAO) dropped by 5.93%, while MOG recorded the largest dip, falling by 11.40%.
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