Bitcoin has crossed the $102,000 level.
Virtual Protocol and Core were among the top-earning cryptocurrencies.
The global market value was recorded as $3.66 trillion.
The crypto market continues its overall uptrend. Bitcoin (BTC) attracted attention by breaking the $101,647.8 level and reaching $102,000. In the last 24 hours, major altcoins gained between 2% and 5%. Virtual Protocol (VIRTUAL) and Core (CORE) were among the top gainers, rising by 16% and 10% respectively.
Bitcoin (BTC) is trading at $102,000, up 3% in the past 24 hours. Ethereum (ETH) is up 2% to $3,917.2, while XRP is up 5%. Meme coins are also up 2% to 3%. VanEck predicts that Bitcoin, Ethereum, and Solana could all-time highs by 2025, thanks to adoption, innovation, and the integration of blockchain technology with artificial intelligence in the US.
Virtual Protocol (VIRTUAL) became the day’s top earner with a 16% increase, while Core (CORE) came in second with a 10% increase. MOVE drew attention with an 8% increase. These increases were supported by developments such as listings on major exchanges.
Aerodrome Finance (AERO) was the biggest loser of the day with a 4% drop and Lido Dao (LDO) lost 3%. Other cryptocurrencies generally showed a positive market trend.
The global crypto market cap reached $3.66 trillion, up 2% in the last 24 hours. However, trading volume fell 20% to $173 billion. Bitcoin’s market dominance continues at 55.3%.
Institutional investors continue to show interest. Fidelity invested $60 million in Bitcoin ETFs, while Grayscale took out $100 million. This suggests that the ETF space is mixed. Frank Ahlgren of Austin, Texas, was sentenced to two years in prison for tax fraud after failing to report $3.7 million in Bitcoin earnings. The incident highlights the difficulties of tax compliance in crypto investments.
While there has been a noticeable increase in Ethereum, Solana and other altcoins recently, there is a general optimism in the crypto market. Experts state that if the current trends continue, there may be further increases in the market.
These positive developments in the crypto market offer new opportunities for investors, while showing that market dynamics should be followed closely. It is of great importance for investors to be careful about market fluctuations and determine their strategies accordingly.