The cryptocurrency market is witnessing a moderate upward trend, recording a 1.51% increase over the past 24 hours. This surge has elevated the overall market capitalization to a remarkable $2.98 trillion. In tandem with this, trading volume has seen a significant uptick, rising by 35.59% to reach an impressive $358.59 billion. Investor sentiment is buoyant, as indicated by the Fear & Greed Index, which reflects an “Extreme Greed” level, scoring a high 87. This robust sentiment is underpinned by Bitcoin’s steadfastness at the $87,000 mark.
Bitcoin Price Today: BTC Price Stands Tough at $87k!
Bitcoin continues to hold its ground above the $87,000 threshold, with its current value standing at $87,455.04. Despite experiencing a minor 1.34% dip over the last day, Bitcoin’s dominance in the market has grown, increasing from 59.01% to 59.52%. This rise in dominance comes even with an 8.57% decrease in trading volume. Bitcoin’s market capitalization remains robust at $1.71 trillion, showcasing its resilience amidst minor market fluctuations. For those seeking deeper insights into Bitcoin’s future, our comprehensive Bitcoin Price Prediction offers valuable analysis.
Altcoins Face Mixed Outcomes: ETH & SOL Under Pressure
Altcoins are experiencing varied outcomes, with Ethereum (ETH) facing a significant decline, dropping 4.80% to $3,185.27 as market dynamics are reassessed. Solana (SOL) has similarly seen a downturn, falling by 6.01% to $206.33. Despite the downward trend among leading altcoins, XRP has emerged as a strong performer, experiencing an 8.84% increase and trading at $0.6604, thereby regaining investor interest. Stay informed about Ethereum’s potential movements with our detailed Ethereum Price Prediction.
Top Gainers & Losers
In the ever-fluctuating crypto market, Bonk (BONK) has taken the lead among gainers, rising 19.11% to $0.00003255. Stellar (XLM) also saw an impressive increase of 10.53%, reaching $0.1272. XRP continued its upward trajectory with an 8.88% gain. On the flip side, Cronos (CRO) encountered significant losses, falling 24.50% to $0.1616. Both FET and WLD experienced notable declines, with reductions of 21.95% and 18.53%, respectively. As market dynamics continue to evolve, stay tuned for the latest crypto updates!
FAQs
What is the price of Bitcoin today?
Bitcoin (BTC) is currently valued 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 present time is $3,185.27.
