The cryptocurrency sector is witnessing an upswing, marked by significant bullish movements from the early Asian trading hours. As a result, the global cryptocurrency market capitalization has increased by 1.89%, reaching an impressive $3.38 trillion. However, despite this positive movement, the trading volume has experienced a notable decline, dropping by 25.45% to a total of $148.18 billion. In this environment of heightened sentiment, the Fear & Greed Index remains unwavering at an “Extreme Greed” score of 84, underscoring the optimistic outlook of both investors and traders.
Bitcoin Price Today: BTC Inches Closer to $98k
Bitcoin continues to strengthen its upward trajectory, with its price increasing by 2.08% over the past 24 hours, reaching $97,486.24. Despite a substantial 34.48% decline in intraday trading volumes, Bitcoin’s market capitalization has surged to $1.93 trillion, maintaining its dominant market share at 57.02%. This resilience, even in the face of recent liquidations, has bolstered investor confidence, with many eagerly anticipating Bitcoin’s landmark ascent to $100,000.
Curious about the timeline for Bitcoin’s potential rise to $100,000? Delve into our comprehensive Bitcoin Price Prediction for expert insights and forecasts.
Altcoins Watch: ETH Sinks, SOL & XRP Rise Up!
In the altcoin arena, Ethereum experienced a slight decline, slipping by 1.24% to a price of $3,590.91. Contrastingly, Solana and XRP have delivered impressive performances, registering gains of 3.32% and 12.51%, respectively. XRP’s significant surge underscores its standing as a favored altcoin, capturing the attention of investors and traders alike.
As traders recalibrated their portfolios, Ethereum’s modest dip reflects strategic repositioning. Meanwhile, Solana and XRP’s notable price increments highlight their potential as promising investment opportunities. XRP’s bullish momentum has positioned it among the top gainers of the day.
Want to explore Ethereum’s potential year-end price targets? Check out our detailed Ethereum Price Prediction for comprehensive insights.
Top Gainers
- Algorand (ALGO): +27.65% to $0.3746
- Peanut (PNUT): +16.89% to $1.30
- XRP: +12.78% to $1.66
Top Losers
- Ethereum Name Service (ENS): -13.32% to $33.37
- Ethereum Classic (ETC): -4.52% to $31.72
- Sui (SUI): -3.44% to $3.42
Stay informed with our daily updates as the dynamic cryptocurrency landscape continues to evolve, presenting both new opportunities and challenges. Whether you’re an experienced trader or a new investor, staying abreast of these market shifts is crucial for making informed decisions.
