After the FED's interest rate decisions, a significant rise began in the cryptocurrency markets. Today, upward movements continue throughout the market. While Bitcoin (BTC) passed $ 64,000, Ethereum (ETH) and Solana (SOL) also gained value. However, XRP lagged behind this upward trend. These developments created a new wave of optimism among investors.
Cryptocurrency Market Rises: Bitcoin Surpasses $64,000
Bitcoin (BTC) is trading at $63,174, up 5% in the last 24 hours. The lowest level during the day was $61,844, while the highest level was $64,050. The inflow of $158.21 million into spot Bitcoin ETFs stands out as one of the most important factors supporting this rise. However, Bitcoin’s market dominance decreased by 0.04% to 57.28%. Whale Alert data detected BTC movements from a wallet that has not been traded for years; this could lead to additional movement in the market.
Ethereum and Solana on the Rise$ETH
Ethereum (ETH) is trading at $2,540, up 6% in the last 24 hours. It reached a daily low of $2,400 and a high of $2,540. The $5.24 million inflow into Ethereum ETFs also supported this increase. Vitalik Buterin’s recent transfer of 1.3K ETH has increased speculation in the markets. Solana$SOL
(SOL) is also trading at $144, up 4%. Its lowest level during the day was $137.77 and its highest level was $143.90. This rise was paralleled by the gains of MEW and FIDA tokens, which are listed on the Solana platform.
XRP Lags in Market$XRP
XRP is struggling to keep up with the rise of other major cryptocurrencies. It is trading at $0.5909, with a modest 0.7% increase. It recorded a low of $0.578 and a high of $0.5941 during the day. XRP’s market cap is $33.16 billion.
As has been the case for most of this year, meme coins once again led the way. Dogecoin (DOGE) rose 2.7% to $0.1069, while Shiba Inu (SHIB) rose 3% to $0.00001432. Other meme coins such as PEPE, WIF, and FLOKI also gained between 4% and 6%.
One of the biggest gainers today was Bittensor (TAO), which is trading at $407, up 14%. CORE also rose 14% to $1.11. WIF rose 7% to $1.79. However, Helium (HNT) fell 7% to $7.03. NEAR Protocol is down 3% to $4.40, while Nervos Network (CKB) is down 3% to $0.01743.
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I EXPLAIN IN DETAILED.
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