Saturday’s global crypto market action triggered bullish momentum across the board. While Bitcoin (BTC) held steady at $98,000, major altcoins like ADA, XRP, and AVAX soared between 14% and 25%. The standout performers, however, were Hedera (HBAR) and Stellar (XLM), which surged 25% to 55% in the past 24 hours. Meanwhile, the global crypto market cap increased by 1.5%, reaching $3.33 trillion, even as trading volume dipped by 12%, landing at $219 billion. Let’s take a closer look at the day’s biggest movers and key trends.
Bitcoin Remains Stable as Altcoins Shine
Bitcoin (BTC) maintained its $98,000 level over the past 24 hours, with little fluctuation. Ethereum (ETH) and Solana (SOL) also saw no major price movements during the same period. However, XRP led the pack among gainers, climbing 14%. Popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also posted gains of 9%, sustaining their positive momentum.
Bitcoin traded within a daily low of $97,222 and a high of $99,655, with a market capitalization of $1.95 trillion and a 24-hour trading volume of $76 billion. Its dominance remains strong at 58.59%, maintaining its position as the largest cryptocurrency.
Institutional Interest Fuels Optimism
According to Sosovalue, Bitcoin ETFs saw $490 million in inflows across 12 funds, with BlackRock’s IBIT fund leading with $513 million. Ethereum (ETH) also attracted $91.21 million in ETF inflows, with BlackRock contributing $99 million. However, Grayscale experienced a $19 million outflow on Friday. Ethereum’s price remained at $3,333, with its weekly gain at 7%, reflecting a strong short-term performance.
SOL, XRP, and Meme C0ins Draw Attention
Solana (SOL), despite a minor 2% dip to $255, has shown impressive weekly growth of 17.5%. With a market cap of $121 billion, it holds the title of the fourth-largest cryptocurrency globally. Meanwhile, XRP surged 15%, reaching $1.566, marking a staggering 200% growth over the past 30 days.
Meme coins also displayed notable movements. Dogecoin (DOGE) climbed 9%, trading at $0.42, while Shiba Inu (SHIB) mirrored this trend, hitting $0.00002698. However, other meme tokens like PEPE, BONK, and WIF experienced declines of 2% to 8%, indicating volatility within the niche.
Top Gainers of the Day
Stellar (XLM) emerged as the top performer, soaring 55% to $0.44. Its price fluctuated between $0.2766 and $0.4624, demonstrating significant momentum. Hedera (HBAR) followed with a 25% gain, reaching $0.1542, while Cardano (ADA) climbed 24%, trading at $1.09.
The surge in HBAR and XLM highlights increasing investor confidence in blockchain networks beyond Bitcoin and Ethereum. This shift reflects a broader appetite for diversified crypto opportunities.
Key Takeaways From Today’s Market
The crypto market continues to evolve as Bitcoin holds its ground, and altcoins demonstrate exceptional growth. Keeping an eye on trending assets like HBAR, XLM, and XRP could offer valuable insights for investors. The Bit Journal will keep you updated on the latest market dynamics, helping you navigate this fast-paced landscape.
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