Bitcoin celebrated its 16th anniversary by rising 1.11% to $96,635, while altcoins like Ethereum, Solana, and XRP continued their upward trend. SPX and FARTCOIN were the biggest gainers of the day, while VIRTUAL and HYPE were the biggest losers. The cryptocurrency market is generally showing positive momentum, and investors are eagerly watching Bitcoin’s goal of reaching $100,000.
Bitcoin’s 16th Anniversary Celebration
As Bitcoin celebrates its 16th anniversary in the digital asset world, there are some notable movements in the market. Despite sideways market conditions, BTC gained 1.11% in the last 24 hours, reaching $96,635.50. Bitcoin's market value reached $1.91 trillion, while its trading volume increased by 43.03% to $41.46 billion. This development reinforces expectations that Bitcoin is approaching its $100,000 target.
The Rise Continues in the Altcoin Market
The altcoin market is also buoyant. Ethereum (ETH) increased by 1.3% in the last 24 hours to $3,449.92. Solana (SOL) surpassed Ethereum by gaining 1.91% to $208.52. XRP increased by 1.38% to $2.43. These increases create a positive atmosphere among altcoin investors.
Winners and Losers of the Day
While some assets in the cryptocurrency market made big gains, others lost value. Among the biggest gainers, SPX rose by 23.23% to $1.19. FARTCOIN increased by 17.39%, while DeXe gained 14.34%. On the other hand, among the assets that experienced the biggest losses, VIRTUAL lost 14.65% to $4.32. HYPE finished the day down by 10.05% and PENGU by 5.83%.
General Situation of the Market
In this period when Bitcoin celebrates its 16th anniversary, the cryptocurrency market is generally showing a positive momentum. Bitcoin's approach to the $ 100,000 target creates great anticipation among investors. At the same time, the rise of major altcoins such as Ethereum, Solana and XRP supports the positive mood in the market.