The crypto world is experiencing a resurgence as Bitcoin (BTC) and major altcoins make significant gains. Following last week’s volatility, investor sentiment has shifted positively, with the total global crypto market cap rising by 2.77% to reach $2.22 trillion. Trading volume has also surged, showing a 34.28% increase, pushing the total market volume to $50.23 billion.
Bitcoin and Ethereum Lead the Charge
Bitcoin, the leading cryptocurrency, has jumped by over 2% in the last 24 hours, currently trading at $63,487. Intraday figures show a low of $61,833.15 and a high of $63,957. Despite a $301.54 million outflow from Bitcoin ETFs last week, its market cap remains solid at $1.25 trillion. However, Bitcoin’s dominance in the market has slightly dipped, dropping by 0.07% to a total of 56.74%.
Ethereum is not far behind. The second-largest cryptocurrency surged by over 3%, currently trading at $2,493. Ethereum’s lowest and highest prices today have been recorded at $2,411.11 and $2,511.43, respectively. While Ethereum ETFs experienced an outflow of $30.69 million last week, its market cap has reached $300.34 billion. Whale Alert data reveals that a significant amount of ETH was transferred to exchanges over the weekend, fueling speculation among crypto traders and analysts.
Solana, XRP, and Meme Coins Take Center Stage
Among the altcoins, Solana stands out with a remarkable 5% increase, currently trading at $150. The day’s low for Solana was $142.20, while the high reached $150.63. Solana’s market capitalization now sits at $70.4 billion, further establishing its position as a top-tier cryptocurrency.
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XRP also saw a modest rise of 2%, trading at $0.5404. XRP’s market cap has climbed to $30.57 billion. The increase comes despite the U.S. SEC’s ongoing legal action, showing the resilience of XRP investors.
Dogecoin (DOGE) made headlines with a nearly 5% jump to $0.1141, while Shiba Inu (SHIB) saw an impressive 7% surge, now trading at $0.00001852. Other meme coins, including PEPE, WIF, and Bonk, experienced similar gains, with price increases ranging from 13% to 18%.
Today’s Top Movers: Winners and Losers
Meme coins led the pack, with Mog Coin (MOG) jumping by 19% to $0.000001719. WIF followed closely, surging 18% to $2.65, while POPCAT saw a 15% rise, trading at $1.41.
On the flip side, Monero (XMR) experienced a near 5% drop, trading at $147.16. FTX Token (FTT) also fell by 0.5%, currently at $2.62, while Kaspa (KAS) saw a 2% decline to $0.1442. Despite these drops, the broader market remains bullish, with the next few days likely to reveal more trends.
The crypto market seems to be in a state of cautious optimism, but as always, volatility could return. Keep an eye on market movements by following The Bit Journal for the latest insights and analysis.
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