The crypto markets are displaying immense strength after the past weekend failed to attract bearish attention. Although the top cryptos were unable to demonstrate huge moves, they managed to hold around the gains, above the pivotal support, which suggests the growing dominance of the bulls. The market capitalization just faced a small pullback from $3.34 trillion, while the volume dropped by over 12%, which suggests the markets could remain still throughout the trading day.
Bitcoin price remained elevated throughout the weekend and marked the local highs above $105,000 after holding above $102,500 support levels. Besides, the Ethereum price surged above $2500, while the XRP price faced a pullback from $2.84 to $2.4. Meanwhile, Cardano prices hold above $0.8, Solana plunged slightly after marking the highs above $180, and Litecoin reclaimed the three-digit figure. BinanceCoin price reached above $657, and Tron price trades above $0.26.
With the crypto markets closing the weekly trade on a bullish note, the start was somewhat bullish, as bears tried to initiate a correction phase. Despite this, the biggest gainers included Pi with over a 47% jump, followed by dogwifhat with a 30% rise, Kaspa with 18.5%, and Four with over 14%. Meanwhile, the memecoins like FLOKI, Pepe, Fartcoin and SPX6900 also experienced a decent rise.
In the past 24 hours, the loss margin is much lower than the gains, as the altcoins attracted minimal bearish action. Among them are the tokens such as Arbitrum and Flare, which attracted a more than 3% jump. The altcoins like Theta Network, Lido DAO, Optimism, POL, Near Protocol, Helium and a few other tokens face marginal losses below 3%. However, these losses are expected to recover in the next few hours, which could push the markets back under bullish influence.
The crypto market sentiments have turned bullish, with the indicator rising to 73, suggesting the retail investors have turned greedy. Moreover, the bullish sentiments on PI and Kaspa have risen over 90%, followed by Filecoin, Cardano and Ethereum.
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