The cryptocurrency market is signaling positive momentum for investors today, as Bitcoin (BTC) and several altcoins show strong upward trends. Notably, Shiba Inu (SHIB) has emerged as one of the top gainers. Meanwhile, the global crypto market cap has increased by 2.27%, reaching $2.28 trillion, and the overall market volume has surged by an impressive 31.13%, now sitting at $85.26 billion. At The Bit Journal, we take a closer look at today’s market movements.
Bitcoin and Ethereum Price Movements Today
Bitcoin (BTC) has climbed 3%, now trading at $65,289. Throughout the day, BTC’s low and high have been recorded at $63,324 and $65,790, respectively. This upward trend aligns with a $365.57 million inflow into Bitcoin ETFs, driving positive market sentiment. BTC’s market dominance has increased by 0.08%, reaching 56.33%. Moreover, Bitcoin’s market cap stands at a substantial $1.29 trillion. Interestingly, according to Spotonchain, a whale has accumulated 3.5K BTC from Binance over the past three days, further fueling bullish expectations.
Alongside Bitcoin, Ethereum (ETH) is also experiencing gains, with its price up by 1.5%, now trading at $2,635. The lowest and highest prices recorded today are $2,592 and $2,665, respectively. Despite a $675.45K outflow from spot ETH ETFs, Ethereum’s price continues to rise, showing the market’s resilience. Ethereum’s market cap has now reached $317.27 billion. Investors remain interested in Ethereum, even in the face of recent sell-offs, as the cryptocurrency maintains a solid position.
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Solana and XRP Attempt to Keep Pace with Bitcoin
Solana (SOL) has increased by 4%, now trading at $155, with its day’s low at $148.82 and high at $157.86. Solana’s market cap today sits at $73 billion, making it a popular choice among investors. Meanwhile, XRP, backed by Ripple, has gained 1%, climbing to $0.5865. Its lowest and highest prices today are $0.5819 and $0.596, respectively, with a current market cap of $33.14 billion. XRP’s recent price movement has captured investor attention, as it continues to benefit from the broader market uptrend.
Top Gainers and Losers of the Day
Shiba Inu (SHIB) has emerged as the biggest gainer, with a 22% surge, reaching $0.00001903. Bonk Inu (BONK) and Brett (BRETT) followed closely, with increases of 19% and 18%, respectively. However, not all tokens performed well. Bittensor (TAO) fell by 6%, landing at $528.52, while Sui (SUI) dropped by 3.5%, trading at $1.67. UNUS SED LEO (LEO) also faced a 2% decline, now priced at $5.82.
The steady growth in Bitcoin and Ethereum, as reflected in their hourly charts, has raised expectations for continued upward movement in the cryptocurrency market. Investors are closely monitoring these trends for potential opportunities.
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