The cryptocurrency market has entered a new wave of growth as Bitcoin surged to $98,000. Alongside this rally, meme coins and altcoins have also gained traction, contributing to a total market capitalization of $3.49 trillion. The Fear and Greed Index climbed to 60, signaling growing optimism among investors.
Crypto Markets Gaining Strength
Bitcoin continues to dominate the market, rising from $92,000 to $98,000. This spike was bolstered by MicroStrategy’s announcement of raising capital for further Bitcoin acquisitions. Investor confidence has surged, with BTC ETFs seeing a significant $655 million inflow. Fidelity led these inflows with $356 million.
Ethereum joined Bitcoin’s rally, gaining 4% to reach $3,596. Ethereum ETFs also experienced a $24.9 million inflow. Additionally, XRP and Solana contributed to the positive market sentiment with gains of 2% and 5%, respectively. Excitement over potential airdrops in the Solana ecosystem drove SOL’s price to $217.
Meme Coins and Top Gainers
The meme coin market stood out with notable performances from Dogecoin and Shiba Inu. Dogecoin rose 14% to $0.39, while Bonk (BONK) saw a 15% increase, attracting investor attention. However, some meme coins, like Pudgy Penguins (PENGU), remained in the red.
Advertisement Banner
Top performers included Internet Computer (ICP) and EOS. ICP surged 15% to $12.39, showcasing one of the strongest performances in the market. Similarly, EOS gained 15%, reaching $0.93. These gains reflect growing investor interest in both projects.
Biggest Losers: FTT and Virtual Protocols
FTX Token (FTT) suffered a 9% drop, becoming the worst-performing cryptocurrency of the day. The company has begun distributing funds to creditors as part of its restructuring plan. Virtual Protocols (VIRTUAL) also fell by 6%, though it appears to be resisting the overall market trend.
Hourly charts indicate that Bitcoin and major altcoins are maintaining their upward momentum. As reported by The Bit Journal, 2025 is shaping up to be a pivotal year for ETFs, with the approval of the first crypto ETF remaining a hot topic. These developments are fueling long-term bullish expectations for the crypto market.
- https://twitter.com/Thebitjournal_
- https://www.linkedin.com/company/the-bit-journal/
- https://t.me/thebitjournal
Follow us on Twitter and LinkedIn and join our Telegram channel to get instant updates on breaking news!
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.
