The cryptocurrency market today has witnessed noteworthy developments, as the market capitalization has soared by 7.36% in the past 24 hours, reaching an impressive $2.98 trillion. This bullish trend has been fueled by a remarkable surge in trading volumes, which climbed by 33.24% to hit $304.65 billion. Investors’ optimism is mirrored by the Fear & Greed Index, which has surged to 87, indicating a state of “Extreme Greed” in the industry.
Bitcoin Surpasses $88k, Reaches New All-Time High
Bitcoin (BTC) continues its upward trajectory, achieving new milestones. Just recently, Bitcoin recorded a new all-time high (ATH) of $89,604.50. At the time of writing, it is trading at $88,741.46, reflecting a 9.12% increase from the previous day. Its market capitalization has surged to $1.75 trillion, making it the 8th largest asset globally, surpassing silver’s valuation of $1.736 trillion. Interestingly, these figures even exceed Spain’s GDP.
Curious about where BTC is headed next? Explore our Bitcoin Price Prediction.
Altcoin Round-Up: ETH, SOL, XRP Register Gains
Ethereum (ETH) has experienced a 5.72% increase, with its price reaching $3,343, benefiting from favorable market conditions. Solana (SOL) also saw a 6.40% rise, trading at $219.57. Additionally, XRP joined the upward trend with a 4.21% increase, trading at $0.6065.
Read our in-depth analysis of the Ethereum Price Prediction.
Top Movers: CRO, AIOZ, and DOGE Shine
In the altcoin market, Cronos stands out as the top gainer among the top 100 cryptocurrencies, skyrocketing by an outstanding 52.57% to $0.2142. Aioz Network followed closely with a 40.82% increase, trading at $0.732. Dogecoin also gained significant traction, surging 33.90% to reach $0.3934, driven by heightened community and market engagement.
Top Losers: RAY, GOAT, NEIRO Experience Declines
On the downside, Raydium (RAY) faced the most substantial decline among leading assets, dropping by 16.06% to $4.71. GOAT followed with a 14.14% decrease to $0.7759, while NEIRO fell by 10.71% to $0.002372, representing a pullback in an otherwise bullish market.
Stay tuned for more updates as the crypto market continues to evolve and new trends emerge!
