The crypto market witnessed a significant surge today, sparking global optimism among investors. Bitcoin (BTC) briefly surpassed the $58,000 mark, while major cryptocurrencies like Ethereum (ETH), Solana (SOL), and XRP also traded in the green. This led the global crypto market cap to rise by 2.5%, reaching $2 trillion, with market volume increasing by a notable 47.81%, climbing to $68.99 billion in the past 24 hours.
Bitcoin Leads the Charge
Bitcoin’s price has risen by 3% in the last 24 hours, currently trading at $56,680. During the day, BTC’s lowest and highest prices were $54,598 and $58,041, respectively. According to Turkish NY Radio, Metaplanet’s announcement of additional Bitcoin purchases has bolstered investor confidence in the leading cryptocurrency. This positive development brought in $28.72 million in inflows to Bitcoin ETFs. Bitcoin’s market dominance now stands at 56.03%, with a market capitalization of $1.12 trillion.
Ethereum and Solana Continue Their Climb
Ethereum has seen a 2% increase in the last 24 hours, currently trading at $2,345. Its daily low was recorded at $2,274, while the high reached $2,379. Despite a $5.20 million outflow from Ethereum ETFs, investors remain optimistic about ETH’s potential for future gains.
Solana also gained 4%, trading at $133. Its lowest price during the day was $127, with a high of $136. With a market cap of $62.22 billion, analysts predict that SOL could experience further growth in the near future.
XRP and Meme Coins Show Movement
XRP’s price increased by 1% in the last 24 hours, trading at $0.5342. The token’s daily low and high were $0.5275 and $0.5422, respectively, with a market capitalization of $30.09 billion.
Meanwhile, Dogecoin (DOGE) surged by 6%, reaching $0.1026, and Shiba Inu (SHIB) rose by 1.76%, trading at $0.00001335. Other meme coins like PEPE, WIF, and FLOKI also saw gains between 4% and 8%.
Crypto Market Top Gainers and Losers
Fantom (FTM) emerged as one of the day’s top performers, with its price surging by 12% to $0.4821. POPCAT (SOL) also gained 11%, climbing to $0.5988, while Bittensor (TAO) saw a 10% rise, trading at $264.95.
On the losing side, Helium (HNT) dropped by 7% to $7.73, BitTorrent (BTT) lost 4%, trading at $0.0000009006, and Starknet (STRK) fell by 3%, now trading at $0.4137.
In summary, the crypto market is witnessing significant activity, with Bitcoin and Ethereum leading the charge. Meanwhile, Solana and meme coins continue to draw investor interest as they gain momentum in the market.
