Bitcoin, the leading cryptocurrency by market capitalization, has staged a remarkable recovery, surpassing $64,230 after bouncing back from last week’s lows of $57,000. Since the fourth Bitcoin halving last month, BTC has been range-bound but is now showing signs of renewed bullish sentiment.
The broader cryptocurrency market has also experienced significant growth, with the global market cap nearing $2.4 trillion, marking a 1.5% increase over the last 24 hours.
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However, this surge reflects a resurgence in investor confidence across various digital assets, including Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA).
Today’s Crypto Price Movement
Bitcoin (BTC)
Bitcoin has surged by 1.17%, crossing the $64,000 mark to settle at $64,132.50. With a market cap stands at an impressive $1.26 trillion showing a sign of the beginning of bull run phase 2.
Ethereum (ETH)
Ethereum, the second-largest cryptocurrency by market cap, rallied by 1.73% to $3,148.06. Despite the gain, Ethereum’s trading volume dropped by 3.24% to $8.28 billion.
Solana (SOL)
On the other hand, Solana witnessed a significant recovery, nearing the $150 mark with a 1.58% increase to $147.81. However, SOL’s trading volume experienced a notable decline of 53.70%, amounting to $1.51 billion in the last 24 hours.
XRP and Cardano (ADA)
XRP has crossed the $0.53 threshold, rising by 1.16% to $0.5339, with a 19.07% increase in trading volume to $540.58 million. Cardano (ADA) also saw a modest increase of 0.64% to $0.4588, although its trading volume declined by 13.99% to $222.55 million.
MemeCoins
Dogecoin (DOGE) and Shiba Inu (SHIB) prices both registered gains today, with DOGE up by 1.77% to $0.1626 and SHIB rising by 1.22% to $0.00002479.
Top Gainers and Losers
Among the top gainers, today are Worldcoin (WLD) surging by 16.80% to $5.87, Fetch.ai (FET) rallying 12.99% to $2.40, and SingularityNet (AGIX) soaring 12.28% to $0.9827.
On the other hand, notable losers include Dogwifhat (WIF) declining by 3.10% to $3.30, Core (CORE) dipping by 1.79% to $1.94, and Sei (SEI) dropping 1.02% to $0.5672.
The positive momentum in the cryptocurrency market today reflects increasing investor confidence, with notable performances across various altcoins, suggesting an optimistic outlook for the broader crypto space.
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