The cryptocurrency market is experiencing a wave of optimism, with new peaks being reached almost daily. In a remarkable surge, the industry’s market cap has climbed by 3.98% in the last 24 hours, reaching an impressive $3.19 trillion. Trade volumes have also seen a significant boost, increasing by 7.19% with a total of $193.79 billion being traded. The current Fear & Greed Index reflects this burgeoning optimism, indicating an “Extreme Greed” score of 85.
Bitcoin Price Rises Past $97k, Sets New All-Time High
Bitcoin continues to dominate the headlines as it reaches a new all-time high of $97,862.64. Although it has slightly retraced to $97,527.03 at press time, the cryptocurrency’s performance remains formidable. The intraday trading volume surged by 15.20% to $86.73 billion, highlighting intensified market activity. Bitcoin’s market dominance is robust at 60.55%, underscoring its leading position in the crypto sphere. The influx of capital into ETFs has further bolstered this rally, with BlackRock’s IBIT at the forefront, securing $627.7 million out of a total $750 million ETF inflow on Wednesday.
Curious about Bitcoin’s future trajectory? Delve into our Bitcoin Price Prediction for more comprehensive insights.
Altcoin Roundup: ETH Flatlines, SOL & XRP Price Tick-Up
In the altcoin landscape, Ethereum (ETH) experienced a slight dip of 0.19%, landing at $3,107.45. Meanwhile, Solana (SOL) enjoyed a modest rise of 1.25%, trading at $238.15, and XRP gained traction with a 1.86% increase to $1.11. These movements suggest a nuanced and varied performance across different altcoins.
For a detailed analysis of Ethereum’s potential movements, read our Ethereum Price Prediction.
Top Movers: BCH, BSV Lead Top 100
Among the top 100 altcoins, Bitcoin Cash (BCH) emerged as a standout performer, surging by 17.21% to reach $515.06. Close behind, Bitcoin SV (BSV) saw a significant growth of 10.89%, trading at $76.08. eCash also made notable gains, with a 10.11% increase, rounding out the list of top gainers.
Top Losers: GOAT & Popcat Tumble
However, not all assets were able to capitalize on the bullish sentiment. GOAT led the list of decliners, dropping 13.99% to $0.9666. Popcat followed with an 11.03% decrease, and Mantra saw a decline of 10.47%. These losses illustrate the volatility and mixed trends that continue to characterize the crypto market.
Stay tuned as the crypto market evolves, with Bitcoin at the helm and altcoins navigating a spectrum of trends.
