The crypto market has shown strong signs of recovery, leaving investors optimistic about what’s next. Bitcoin (BTC) has once again stolen the spotlight, surpassing the $65,000 mark. Meanwhile, Ethereum (ETH), Solana (SOL), and XRP have all posted gains between 2% and 5% over the last 24 hours, fueling the upward momentum. Let’s take a closer look at what’s driving this rally.
Bitcoin and Ethereum Surge Higher
Bitcoin, the leader of the crypto market, saw a 2.5% rise in the last 24 hours, reaching $65,382. Throughout the day, Bitcoin hit a low of $63,771 and a high of $66,482, with large inflows into Bitcoin ETF products amounting to $555.86 million contributing significantly to this price increase. The overall market cap for Bitcoin has now surged to $1.29 trillion, with Bitcoin maintaining a dominance of 56.58% across the market.
Ethereum also saw a robust 4% increase, pushing its price to $2,616. The daily low was recorded at $2,511, with a high of $2,652. Ethereum’s market capitalization now stands at $314.54 billion. One of the notable catalysts for Ethereum’s rise is the $17 million inflow into Ethereum ETFs, signaling increased institutional interest in the asset.
Solana, XRP, and Meme Coins Join the Rally
Solana (SOL) experienced a 2.5% jump, bringing its price to $155, with daily lows and highs ranging between $150 and $157. Solana’s recent performance in DEX trading volume, surpassing even Ethereum, has drawn attention to its potential for growth. XRP has similarly gained 2%, pushing its price to $0.548. Institutional interest in XRP has been a significant driver behind its rise.
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Meme coins weren’t left behind in today’s surge. Dogecoin (DOGE) gained 3%, reaching $0.1163, while Shiba Inu (SHIB) followed closely with a 2% increase to $0.00001841. Notably, BOME emerged as the day’s top performer, recording significant gains.
Biggest Gainers and Losers in the Crypto Market
The standout performer today was Book Of Meme (BOME), which surged 32% to $0.01118. Additionally, Cat in a Dogs World (MEW) saw a 24% rise, reaching $0.008887. Another notable gainer was Ethena (ENA), which rose by 16% to trade at $0.4123.
However, not all cryptos enjoyed the bullish trend. Bittensor (TAO) dropped 6%, bringing its price down to $632, while Sei (SEI) fell 5% to $0.4798. Avalanche (AVAX) also slipped 3%, trading at $28.73.
With market volatility continuing to stir speculation, investors are keenly watching for what comes next. As always, keep up with the latest crypto trends on The Bit Journal for in-depth analysis and updates.
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The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
