The crypto market has shown strong signs of recovery, leaving investors optimistic about what’s next. Bitcoin (BTC) has once again stolen the spotlight, surpassing the $65,000 mark. Meanwhile, Ethereum (ETH), Solana (SOL), and XRP have all posted gains between 2% and 5% over the last 24 hours, fueling the upward momentum. Let’s take a closer look at what’s driving this rally.
Bitcoin and Ethereum Surge Higher
Bitcoin, the leader of the crypto market, saw a 2.5% rise in the last 24 hours, reaching $65,382. Throughout the day, Bitcoin hit a low of $63,771 and a high of $66,482, with large inflows into Bitcoin ETF products amounting to $555.86 million contributing significantly to this price increase. The overall market cap for Bitcoin has now surged to $1.29 trillion, with Bitcoin maintaining a dominance of 56.58% across the market.
Ethereum also saw a robust 4% increase, pushing its price to $2,616. The daily low was recorded at $2,511, with a high of $2,652. Ethereum’s market capitalization now stands at $314.54 billion. One of the notable catalysts for Ethereum’s rise is the $17 million inflow into Ethereum ETFs, signaling increased institutional interest in the asset.
Solana, XRP, and Meme Coins Join the Rally
Solana (SOL) experienced a 2.5% jump, bringing its price to $155, with daily lows and highs ranging between $150 and $157. Solana’s recent performance in DEX trading volume, surpassing even Ethereum, has drawn attention to its potential for growth. XRP has similarly gained 2%, pushing its price to $0.548. Institutional interest in XRP has been a significant driver behind its rise.
Meme coins weren’t left behind in today’s surge. Dogecoin (DOGE) gained 3%, reaching $0.1163, while Shiba Inu (SHIB) followed closely with a 2% increase to $0.00001841. Notably, BOME emerged as the day’s top performer, recording significant gains.
Biggest Gainers and Losers in the Crypto Market
The standout performer today was Book Of Meme (BOME), which surged 32% to $0.01118. Additionally, Cat in a Dogs World (MEW) saw a 24% rise, reaching $0.008887. Another notable gainer was Ethena (ENA), which rose by 16% to trade at $0.4123.
However, not all cryptos enjoyed the bullish trend. Bittensor (TAO) dropped 6%, bringing its price down to $632, while Sei (SEI) fell 5% to $0.4798. Avalanche (AVAX) also slipped 3%, trading at $28.73.
With market volatility continuing to stir speculation, investors are keenly watching for what comes next. As always, keep up with the latest crypto trends on The Bit Journal for in-depth analysis and updates.
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