Story Highlights
Bitcoin price rose 0.30% in 24 hours, reaching $97,569.12
Metaplanet Inc. raises $61 million to accelerate Bitcoin acquisition
HYPE price rises 34%, leading the top 100 cryptocurrencies
Today's cryptocurrency market is recovering from the losses of the past 48 hours, with a market cap increase of 1.34% in 24 hours, reaching an impressive $3.4 trillion.
Trading volume also surged by 10.25% to $291.27 billion, indicating that investor optimism has rekindled. The Fear and Greed Index shows a 'Greed' score of 62, which confirms this.
Bitcoin shows resilience, maintaining strong dominance
As the market shows signs of recovery, Bitcoin has been chasing bullish candles, rising 0.30% to $97,569.12 within 24 hours, with trading volume also slightly increasing by 2.5% to $95.99 billion. Speaking of capital inflow, Metaplanet Inc. made headlines for raising $61 million to accelerate its Bitcoin purchases. The star cryptocurrency's influence in business remains strong, with dominance solidifying at 56.82%.
Altcoin Watch: ETH surpasses BTC
Ethereum outperformed Bitcoin on the daily chart, with a price surge of 2.91% to $3,490.85. Solana and XRP also showed slight increases, rising 1.27% and 0.55% to $197.47 and $2.32, respectively.
Biggest gainers and losers
HYPE saw the largest increase, rising 34.27% to $33.15, followed by VIRTUAL, which rose 18.78% to $2.74, and ENA, which increased 17.55% to $1.16. However, other tokens did not show optimistic sentiment. The biggest drop of the day was APTOS, plummeting 12.22% to $10.28, XMR, down 5.93% to $189.13, and OM, down 3.65% to $3.85.
