The cryptocurrency market has shown a modest upward trend, with a 1.51% increase over the past 24 hours. This brings the total market capitalization to a substantial $2.98 trillion. Trading volume has surged significantly, witnessing a 35.59% rise to reach $358.59 billion. The mood in the market remains optimistic, as indicated by the Fear & Greed Index, which is currently at an “Extreme Greed” level, scoring 87. This sentiment is buoyed by Bitcoin’s strong performance at the $87k mark.
Bitcoin Price Today: BTC Price Stands Tough at $87k!
Bitcoin continues to hold its ground above the $87k threshold, with a current price of $87,455.04. Despite a marginal 1.34% decline in the last 24 hours, Bitcoin’s market dominance has seen an uptick, rising from 59.01% to 59.52%. This is despite an 8.57% reduction in trading volume. With a market capitalization of $1.71 trillion, Bitcoin’s resilience amidst market fluctuations is noteworthy. For more detailed insights into Bitcoin’s potential future movements, don’t miss our comprehensive Bitcoin Price Prediction.
Altcoins Face Mixed Outcomes: ETH & SOL Under Pressure
Altcoins are experiencing varied performances. Ethereum (ETH) has taken a sharp dip, losing 4.80% to stand at $3,185.27, as market participants react to recent developments. Similarly, Solana (SOL) has fallen by 6.01%, landing at $206.33. However, not all altcoins are in the red; XRP has defied the trend with an impressive 8.84% rally, now trading at $0.6604, capturing renewed investor interest. To keep abreast of Ethereum’s potential price trajectory, check out our detailed Ethereum Price Prediction.
Top Gainers & Losers
Amidst the dynamic market landscape, Bonk (BONK) emerged as the top gainer, soaring by 19.11% to $0.00003255. Stellar (XLM) also witnessed an upward movement, increasing by 10.53% to $0.1272. XRP continued its strong performance with a notable 8.88% price increase. On the flip side, Cronos (CRO) faced substantial losses, plummeting 24.50% to $0.1616. FET and WLD also saw significant declines, dropping 21.95% and 18.53%, respectively. Stay connected for ongoing updates as the crypto market continues to evolve!
FAQs
What is the price of Bitcoin today?
Bitcoin (BTC) is currently priced at $87,455.04.
What is the Fear & Greed Index level?
The current Fear & Greed Index indicates “Extreme Greed” with a score of 87.
How much is 1 ETH worth?
The price of 1 ETH at the press time is $3,185.27.
