The cryptocurrency market is generally positive today. Bitcoin (BTC) is pushing the $100,000 target by breaking the $99,000 level, and the positive atmosphere in the market is supported. Bitcoin is currently trading at $99,548.2 and is showing a resurgence after a two-week downtrend. SPX6900 (SPX) and Filecoin (FIL) are notable for their 12% daily increase. The total value of the cryptocurrency market has reached $3.49 trillion, while the trading volume has slightly decreased to $83 billion.
Bitcoin has increased by 1% during the day to $99,600. The daily low was recorded as $97,314 and the highest level was $99,265. The altcoin market is also moving in parallel with Bitcoin's rise; Ethereum (ETH) is up to $3,670.9, while XRP and Solana (SOL) are up by about 1%. Ripple CEO Brad Garlinghouse stated that Donald Trump's election victory had a positive impact on the company's operations, and this statement led to a slight recovery in the XRP price. Bitcoin miner Marathon Digital Holdings announced that it has leased 16% of its reserves due to increased institutional demand, indicating that institutional investors are showing increasing interest in the market.
SPX6900 and Filecoin stand out with daily increases of 12%. SPX6900 has attracted attention by increasing by 63% in the last week. Filecoin, on the other hand, attracts the attention of investors with a market value of $3.86 billion. In addition, FET coin is expected to rise to $3 in the near future.
Among the market losers, Virtual Protocol was the coin that suffered the most, with a 7% drop. Hyperliquid lost 3%. Coins such as BONK, WIF and BEAM also experienced fluctuations between 3-4%.
On an hourly basis, Bitcoin and most altcoins are trading in the green. Fartcoin has shown a short-term rise of 5%. The general positive mood in the market is making investors more willing to take risks. The Crypto Fear and Greed Index is currently at 60, which shows that the greed side is more dominant in the market.