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Crypto Market Cap Surges: Bitcoin, Ethereum, and Memecoins Lead
Bitcoin surges past $87,865, with a market cap of $1.74T and dominance at 58.98%, driven by rising institutional interest.
Ethereum hits $3,330 with a $401B market cap, fueled by strong derivatives activity and growing market engagement.
Dogecoin spikes 21.42%, reaching $0.33 as trading volume soars, while Shiba Inu faces mixed performance with bearish signals.
The global crypto market cap surged, led by Bitcoin (BTC), Ethereum (ETH), and memecoins (MEME). Trading volumes and investor sentiment also show an uptick. Market participants watch key metrics to predict potential next moves.
Bitcoin Hits New Highs Amidst Growing Dominance
Bitcoin rose to $88,339, an almost 10% increase in the last 24 hours. Its market cap is $1.74 trillion, which solidifies Bitcoin’s dominance at 58.98%. Trading volume increased by 17.46% to $109 billion.
Source: TradingView
Moreover, Bitcoin’s Relative Strength Index (RSI) stands at 82.79, indicating overbought conditions. However, the bullish trend persists as institutional interest drives futures volumes and open interest. Furthermore, Bitcoin exchange balances continue to shrink, hinting at reduced selling pressure.
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The post Crypto Market Cap Surges: Bitcoin, Ethereum, and Memecoins Lead appeared first on Coin Edition.
Ethereum hits $3,330 with a $401B market cap, fueled by strong derivatives activity and growing market engagement.
Dogecoin spikes 21.42%, reaching $0.33 as trading volume soars, while Shiba Inu faces mixed performance with bearish signals.
The global crypto market cap surged, led by Bitcoin (BTC), Ethereum (ETH), and memecoins (MEME). Trading volumes and investor sentiment also show an uptick. Market participants watch key metrics to predict potential next moves.
Bitcoin Hits New Highs Amidst Growing Dominance
Bitcoin rose to $88,339, an almost 10% increase in the last 24 hours. Its market cap is $1.74 trillion, which solidifies Bitcoin’s dominance at 58.98%. Trading volume increased by 17.46% to $109 billion.
Source: TradingView
Moreover, Bitcoin’s Relative Strength Index (RSI) stands at 82.79, indicating overbought conditions. However, the bullish trend persists as institutional interest drives futures volumes and open interest. Furthermore, Bitcoin exchange balances continue to shrink, hinting at reduced selling pressure.
…
The post Crypto Market Cap Surges: Bitcoin, Ethereum, and Memecoins Lead appeared first on Coin Edition.
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