Bitcoin Soars, Altcoins Follow Closely
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The cryptocurrency market shows a positive trend, with Bitcoin breaking through $99,000
Today's cryptocurrency market overall presents a positive trend. Bitcoin (BTC) has successfully broken through the $99,000 mark, with the current trading price around $99,671, after experiencing two consecutive weeks of decline, it has returned to an upward trajectory and is expected to break the $100,000 target. Meanwhile, altcoins such as SPX6900 (SPX) and Filecoin (FIL) have also performed outstandingly, with a daily increase of 12%. The total market capitalization of the cryptocurrency market has risen to $3.49 trillion, but the trading volume has decreased, currently standing at $83 billion.
Positive Trends for Bitcoin and Altcoins
Bitcoin's performance is particularly impressive, with the current trading price at $99,600, up 1% for the day. The day's lowest point was $97,314, and the highest point reached $99,265. The rebound of Bitcoin has driven a simultaneous rise in the altcoin market, with major tokens including Ethereum (ETH), XRP, and Solana (SOL) also rising by about 1% each. XRP has recently seen a slight rebound due to comments from XRP CEO Brad Garlinghouse indicating that Donald Trump's election as president would have a positive impact on the company's operations.
In addition, Bitcoin miner Marathon Digital Holdings announced that due to increasing institutional demand, the company has rented out 16% of its reserve assets, further demonstrating institutional investors' interest in the Bitcoin market.
SPX6900 and Filecoin Perform Exceptionally
In terms of altcoins, SPX6900 and Filecoin have particularly stood out. SPX6900's price surged by 63% over the past week, attracting significant attention from investors. Filecoin's market cap is $3.86 billion and has also been favored by investors, recently rising over 12%. Additionally, due to the token burn plan for FET, the market expects the price of FET to potentially rise to $3.
However, not all tokens have performed strongly. The price of Virtual Protocol has dropped by 7%, making it the biggest loser of the day, and Hyperliquid has also fallen by 3%. Tokens such as BONK, WIF, and BEAM have fluctuated between 3%-4%.
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