Market Overview: Bullish Trends Amid Fluctuating Volumes
The cryptocurrency market has been experiencing bullish momentum since the early trading hours in Asia. As a result, the global market capitalization has seen an increase of 1.89%, reaching $3.38 trillion. However, it’s important to note that trading volumes have decreased significantly by 25.45%, amounting to $148.18 billion. Despite this, the Fear & Greed Index remains at an “Extreme Greed” level with a score of 84, indicating strong bullish sentiment among investors and traders.
Bitcoin Price Today: BTC Inches Closer to $98k
Bitcoin continues its upward trend, appreciating by 2.08% in the last 24 hours and reaching a price of $97,486.24. Although there has been a significant 34.48% decline in its intraday trading volumes, Bitcoin’s market capitalization has grown to $1.93 trillion, maintaining its dominance with a market share of 57.02%. This steady momentum in Bitcoin’s price, despite recent market liquidations, amplifies investor optimism as they anticipate Bitcoin reaching the $100k milestone. Curious about when BTC might hit this landmark? Check out our in-depth Bitcoin Price Prediction for potential timelines.
Altcoins Watch: ETH Sinks, SOL & XRP Rise Up!
In the altcoin space, Ethereum has experienced a slight decrease, falling by 1.24% to $3,590.91. In contrast, Solana and XRP have shown robust performance, with gains of 3.32% and 12.51%, respectively. XRP’s significant surge underscores its continued popularity as a leading altcoin. As traders adjust their portfolios, Ethereum’s minor slip contrasts with the impressive rises of Solana and XRP, making XRP one of the top gainers of the day. Interested in Ethereum’s year-end potential? Explore our 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
