The cryptocurrency market has been relatively quiet over the past 24 hours. Most coins failed to change their positions significantly. The same can be said for most altcoins, which trade in equilibrium.
While this can often be a harbinger of a significant move in either direction, let's take a look at how prices have developed over the past day.
The price of Bitcoin has strengthened and is about 61 thousand dollars. Yesterday, the BTC price consolidated around $60 thousand, but the bulls were able to strengthen a little and take it above $61 thousand, where it is currently trading at $61,400. Thanks to this, Bitcoin manages to record growth of approximately 0.8% per day. Volume remains low, but within expected levels for the weekend.
Bitcoin's dominance—a metric that measures its share relative to the rest of the market—currently stands at 50.8%. ETH accounts for about 17% of the total market volume.
Most large-cap altcoins have traded largely flat over the past 24 hours. TON is growing by about 2%. This is facilitated by a significant increase in the total cost recorded in the protocol.
Elsewhere, and perhaps where things get a little more interesting, cat-themed meme coins have increased in value today. The entire category is up more than 6%, according to CoinGecko data. What's more, these particular meme coins are up a whopping 43% in the past week. Some famous examples include Mog (MOG) and Popcat (POPCAT) coins.
The overall market remains neutral, with sentiment improving significantly since yesterday, according to the popular Cryptocurrency Fear and Greed Index.
In the near future we will publish long-term forecasts for top altcoins that have the potential for multiple growth! You can subscribe to the blog so you don't miss any reviews!