Bitcoin
Bitcoin rises above US$64 thousand! Crypto market shows strength: increase in ETH, SOL, XRP and ADA
Bitcoin, the leading cryptocurrency by market capitalization, has made a remarkable recovery, surpassing US$64,230 after recovering from last week’s lows of $57,000. Since Bitcoin’s fourth halving last month, BTC has been in a range but is now showing signs of renewed bullish sentiment.
The broader cryptocurrency market has also experienced significant growth, with the global market cap approaching $2.4 trillion, marking a 1.5% increase in the last 24 hours.
However, this increase reflects a resurgence of investor confidence in several digital assets, including Ethereum (ETH), Solana (SOL), XRP and Cardano (ADA).
Current Crypto Price Movement
Bitcoin (BTC)
Bitcoin rose 1.17%, crossing $64,000 mark to settle at $64,132.50. With a market capitalization of an impressive $1.26 trillion, showing a sign of start of phase 2 of the bull run.
Ethereum (ETH)
Ethereum, the second-largest cryptocurrency by market value, rose 1.73% to $3,148.06. Despite the gain, Ethereum trading volume fell 3.24% to $8.28 billion.
Solana (SUN)
On the other hand, Solana saw a significant recovery, approaching the $150 mark with a 1.58% increase to $147.81. However, SOL’s trading volume suffered a notable decline of 53.70%, totaling $1.51 billion in the last 24 hours.
XRP and Cardano (ADA)
XRP has exceeded the $0.53 threshold, rising 1.16% to US$0.5339, with a 19.07% increase in trading volume to US$540.58 million. Cardano (ADA) also saw a modest increase of 0.64% to $0.4588, although its trading volume decreased by 13.99% 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
Among the biggest winners today are Worldcoin (WLD) Rise by 16.80% to $5.87, Fetch.ai (FET) up 12.99% to $2.40, and SingularityNet (AGIX) up 12.28% to $0.9827.
On the other hand, notable losers 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.