The global cryptocurrency market action on Saturday sparked a broad-based bullish momentum. While Bitcoin (BTC) held steady at $98,000, major altcoins such as ADA, XRP, and AVAX surged between 14% and 25%. However, the standout performers were Hedera (HBAR) and Stellar (XLM), which surged between 25% and 55% in the past 24 hours. Meanwhile, the global cryptocurrency market cap increased by 1.5% to $3.33 trillion, even as trading volume fell by 12% to $219 billion. Let’s take a closer look at the day’s biggest moves and key trends.
Bitcoin Remains Steady as Altcoins Shine
Bitcoin (BTC) has maintained the $98,000 level over the past 24 hours, with little volatility. Ethereum (ETH) and Solana (SOL) have also not seen any major price movements over the same period. However, XRP has led the gainers, up 14%. Popular meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) have also recorded a 9% increase, maintaining their positive growth momentum.
Bitcoin traded between a daily low of $97,222 and a high of $99,655, with a market capitalization of $1.95 trillion and a 24-hour trading volume of $76 billion. Its dominance remains strong at 58.59%, maintaining its position as the largest cryptocurrency.
Organizational benefits promote optimism
According to Sosovalue, Bitcoin ETFs saw $490 million in inflows into 12 funds, with BlackRock's IBIT fund leading the way with $513 million. Ethereum (ETH) also attracted $91.21 million in inflows into the ETF, with BlackRock contributing $99 million. Grayscale, however, saw $19 million in outflows on Friday. Ethereum's price remained at $3,333, with a weekly gain of 7%, reflecting strong short-term performance.
SOL, XRP and Meme Coins Gain Attention
Solana (SOL), despite a slight drop of 2% to $255, posted an impressive weekly gain of 17.5%. With a market capitalization of $121 billion, it holds the title of the fourth-largest cryptocurrency globally. Meanwhile, XRP surged 15% to $1,566, marking a staggering 200% growth in the past 30 days.
Meme coins also showed notable movements. Dogecoin (DOGE) rose 9%, trading at $0.42, while Shiba Inu (SHIB) mirrored the trend, reaching $0.00002698. However, other meme coins such as PEPE, BONK, and WIF fell between 2% and 8%, showing volatility in the segment.
The people who achieved the most in a day
Stellar (XLM) emerged as the top performer, surging 55% to $0.44. Its price fluctuated between $0.2766 and $0.4624, showing significant momentum. Hedera (HBAR) followed with a 25% gain to $0.1542, while Cardano (ADA) gained 24% to trade at $1.09.
The rise of HBAR and XLM highlights growing investor confidence in blockchain networks beyond Bitcoin and Ethereum. This shift reflects broader demand for diverse cryptocurrency opportunities.
Key Points From Today's Market
The cryptocurrency market continues to evolve as Bitcoin holds its ground and altcoins show tremendous growth. Keeping an eye on trending assets like HBAR, XLM, and XRP can provide valuable insights for investors.
