Bitcoin
Altcoins on fire! ETH, SOL, XRP, ADA Join Bitcoin Bull Breakout Above $64K
In an impressive rally, Bitcoin surpassed the $64,000 mark, regaining its bullish position after a recent drop to $57,000 last week. This resurgence follows Bitcoin’s fourth halving, signaling renewed optimism across the crypto market.
The crypto market as a whole is experiencing a robust rise, with its global market cap approaching a staggering $2.4 trillion, marking a notable 1.5% increase in the last day.
This increase reflects a resurgence in investor confidence, going beyond Bitcoin to encompass Ethereum (ETH), Solana (SOL), XRP and Cardano (ADA).
Tracking the Bullish Vibes: Crypto Price in Focus
Bitcoin (BTC)
Bitcoin is leading the charge with a 1.17% rise, breaking the $64,000 barrier to settle at an impressive $64,132.50. With its market capitalization of US$1.26 trillion, this increase indicates the beginning of what enthusiasts call “phase 2 of the bull run.”
Ethereum (ETH)
Ethereum, the powerhouse of decentralized finance, flexed its muscles with a 1.73% rise to $3,148.06. Despite the increase, Ethereum trading volume suffered a small drop of 3.24%, totaling US$8.28 billion.
Solana (SUN)
About that, Solana made a notable return, approaching the $150 mark with a 1.58% increase to $147.81. However, SOL’s trading volume witnessed a significant drop of 53.70% to reach $1.51 billion in the last 24 hours.
XRP and Cardano (ADA)
XRP surpassed the $0.53 mark, marking a 1.16% increase to $0.5339, accompanied by a robust 19.07% increase in trading volume, reaching $540.58 million. Cardano (ADA) also witnessed a modest increase of 0.64% to settle at $0.4588, albeit with a 13.99% decline in trading volume to $222.55 million.
MemeCoins
Dogecoin (DOGE) and Shiba Inu (SHIB) Prices both posted gains today, with DOGE up 1.77% to $0.1626 and SHIB up 1.22% to $0.00002479.
Top winners and losers
Today’s top performers include Worldcoin (WLD), rising an impressive 16.80% to $5.87, Fetch.ai (FET) rising 12.99% to $2.40, and SingularityNet (AGIX) rising 12.28% to $0.9827. On the other hand, notable laggards include Dogwifehat (WIF) falling 3.10% to $3.30, Core (CORE) falling 1.79% to $1.94 and Sei (SEI) falling 1.02% to $0.5672.
The positive momentum in the cryptocurrency market today reflects increased investor confidence, with notable performances across several altcoins suggesting an optimistic outlook for the broader crypto space.
With investor confidence rising, where will the crypto market go next? Stay tuned to Coinpedia to find out!