The global cryptocurrency market recorded a modest increase in the past 24 hours, with the market capitalization growing by 0.59% to reach $3.55 trillion. Trading activity surged as the 24-hour volume spiked by 30.16% to $127.63 billion, signaling heightened investor sentiments. Meanwhile, the Fear & Greed Index climbed to 66, reflecting a “Greed” sentiment, suggesting optimism among traders.
Bitcoin Holds Strong Amid Market Uncertainty
Bitcoin maintained its bullish momentum, registering a 1.42% uptick to reach $100,852.31. Its market cap rose to $1.99 trillion, capturing a significant share of the total market. The surge in Bitcoin’s price aligns with increased investor confidence.
For insights into its future trajectory, explore our comprehensive Bitcoin Price Prediction.
Altcoin Movements: Mixed Reactions Across the Board
Altcoins displayed a mixed performance. Ethereum dipped slightly by 0.40% to $3,638.13, while Solana faced a sharper drop of 1.80%, settling at $213.18. On the other hand, XRP inched up by 0.89% to $2.42, reflecting investor interest in specific altcoins amidst the broader market’s consolidation phase.
Dive into our detailed Ethereum Price Prediction for a closer look at ETH’s outlook.
Top Gainers:
- WLD: +5.58% to $2.59.
- BGB: +5.24% to $6.49.
- ADA: +4.70% to $1.13.
Top Losers:
- SPX: -10.43% to $1.39.
- PENGU: -10.25% to $0.04139.
- VIRTUAL: -6.78% to $3.86.
FAQs
Bitcoin is trading at $100,852.31 at the time of writing.
Worldcoin, BGB, and Cardano have led the market, gaining over 4% each.
Solana declined by 1.80% in the past 24 hours, trading at $213.18.
