The cryptocurrency market is having a very lively and exciting day today. While Bitcoin (BTC) made its investors very happy by reaching $97,000, there is a general stagnation in altcoins. There is a mixed situation in meme coins. Here are the prominent developments of the day:
The Rise of Bitcoin and Ethereum$ETH
Bitcoin achieved significant success today by reaching $97,000 and reaching a new peak. The leading cryptocurrency in the market broke through the tight price range between $87,000-$93,000 and entered a strong uptrend. Bitcoin, which has increased by 5% in the last 24 hours, has reached $1.91 trillion in market value. The new investment of $750 million in BTC ETFs was one of the factors supporting this rise. BlackRock's contribution of $627.7 million reinforced the confidence in Bitcoin. Currently, Bitcoin's market dominance is at 60.63%, which further strengthens its leadership.
Ethereum (ETH) is trading at $3,072 and has fallen by 1%. However, this decline does not cause concern among investors. ETH, with a market value of $370 billion, still maintains its second place firmly. Although there was an outflow of $47 million from Ethereum ETFs, this does not seem to have affected ETH's long-term strong position. Large investors are closely watching new steps, especially from giants such as BlackRock and Grayscale.
The Rise of FLOKI: The Standout Step Among Meme Coins$FLOKI
The most notable cryptocurrency today was FLOKI. FLOKI, which increased by 16% in the last 24 hours and reached $ 0.0002775, attracted great attention in the meme coin market. FLOKI, which increased by 19% on a weekly basis, quickly entered the radar of investors. On the other hand, other popular meme coins such as DOGE and SHIB experienced declines. Raydium (RAY) was among the winners of the day with a 10% increase and pleased investors. However, there are losers as well as winners in the market. Goatseus Maximus (GOAT), in particular, has upset its investors with a serious loss of 21%.
Bitcoin’s record-breaking rally has created a positive atmosphere across the market, while altcoins that have seen small declines have not been affected by this overall momentum. Meme coins, on the other hand, have been mixed. However, winners like FLOKI continue to attract investors’ attention. The optimism across the market reinforces the expectation that price gains could continue.