Highlights:
Bitcoin (BTC) is back up to $97,000 and all the top 20 coins are doing well today.
DeXe (DEXE) led the market with a 30% gain, followed by SPX6900 and Fartcoin.
Although Ethereum faced ETF outflows, it remained stable and rose by 2%.
The cryptocurrency market had a strong day today, with Bitcoin (BTC) once again breaking through the $97,000 mark. Most of the top 20 coins by market cap rose, and the overall market showed a positive trend. DeXe (DEXE) became the biggest star gainer, soaring 30% in 24 hours. SPX6900 (SPX) followed closely with a 27% increase, while Fartcoin rose 25% and became one of the highlights of the day.
The global cryptocurrency market cap has increased by approximately 2%, reaching $3.41 trillion. Trading volume has also risen significantly, increasing by 30% in the past 24 hours to $121 billion. Currently, the Fear and Greed Index stands at 57, indicating a neutral market sentiment.
Today's cryptocurrency market: Bitcoin, Ethereum, XRP, and Solana show positive trends.
The recent rise in Bitcoin has driven optimistic sentiment in the market, and many altcoins have followed suit. Robert Kiyosaki, the author of 'Rich Dad Poor Dad,' has predicted that Bitcoin could rise to between $175,000 and $350,000 this year, further enhancing bullish sentiment. Traders are now waiting to see the future trend of cryptocurrencies, and the overall market sentiment remains relatively stable.
Bitcoin price:
Currently, the trading price of Bitcoin is $97,059, up 2% in the past 24 hours. The lowest and highest prices are $94,828 and $97,830, respectively. Trading volume has surged by 56%, reaching $43 billion, with Bitcoin's market share at 56.24%.
According to data from SoSo Value, the inflow amount for Bitcoin ETFs reached $90 million on Thursday, with Bitwise leading at $48 million, followed by Fidelity with $36 million, and ARK & 21Shares with an inflow of $16 million.
Ethereum price:
The trading price of Ethereum is $3,460, also up 2% in the past 24 hours. The lowest and highest prices are $3,385 and $3,496, respectively. The market cap has reached $416 billion, with a 24-hour trading volume of $20 billion.
However, Ethereum's ETF recently saw an outflow of $77 million, marking the largest outflow in the past 10 days. Bitwise sold $56 million, while Grayscale sold $21 million. Data from BlackRock has not yet been released. Due to the outflow pressure, the market sentiment today is somewhat complex.
XRP price:
The price of XRP today is $2.454, up 1.5% from the previous day. The lowest and highest prices are $2.345 and $2.458, respectively. Trading volume has decreased by 30%, now at $6.87 billion.
The Director of Ripple for the Middle East and North Africa expects significant advancements in stablecoins, tokenization, and blockchain in banking by 2025, which could fundamentally change the local financial landscape.
Solana price:
The trading price of Solana is $206, up 4% in the past 24 hours. The lowest and highest prices are $197 and $209, respectively. Solana's positive trend has also brought more bullish sentiment to the market.
The cryptocurrencies with the largest gains in the market today:
DEXE
The price of DEXE surged by 30%, currently trading at $19.34. The lowest price in the past 24 hours was $14.96, and the highest price was $21.20. It has become the coin with the highest gain today, with a total market cap reaching $1.11 billion and a trading volume of $72 million. This indicates a strong trend for DEXE, leading the entire market in terms of gains today.
SPX6900
The stock price of SPX has risen by 27%, now trading at $1.20. The lowest price in the past 24 hours was $0.93, and the highest price was $1.22.
FARTCOIN
The price of FARTCOIN has also surged by 25%, now trading at $1.344. The lowest price in the past 24 hours was $1.09, and the highest price was $1.45. This AI meme coin based on Solana, Fartcoin, has set a new historical high, fully reflecting the current strong momentum in the crypto market.
The coins with the largest declines today:
Virtual Protocol (VIRTUAL)
The price of VIRTUAL has dropped by 8%, with the current trading price at $4.46. The lowest price in the past 24 hours was $4.38, and the highest price was $5.07. According to Coingape's analysis, VIRTUAL may face a 25% decline risk in the future, indicating it may endure some downward pressure.
Hype
The stock price of HYPE has dropped by 7%, with the current trading price at $24. The lowest price in the last 24 hours was $22.67, and the highest price was $26.46.
Additionally, both XDC Network (XDC) and Pudgy Penguins (PENGU) have experienced declines of 4-5%, reflecting some pressure in the market as both tokens have undergone slight corrections.
However, top meme coins are still showing positive growth, with gains ranging from 2-5% in the past 24 hours. The hourly charts for Bitcoin (BTC) and other mainstream altcoins also show positive trends, with most coins rising in the past hour. Overall, today’s cryptocurrency market is showing strong short-term gains, and the market sentiment remains optimistic.