Highlights:
Bitcoin (BTC) has slightly declined today to $99,664, while Ethereum (ETH) has risen by 2%.
Influenced by institutional interest, Aave (AAVE) and Chainlink (LINK) have both risen by 20%.
Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have also seen declines.
Overall, the cryptocurrency market has shown stability today, with Bitcoin (BTC) and most major altcoins rising slightly by 1% to 2%. Bitcoin has fluctuated within a range, while Ethereum (ETH) has risen by 1%.
Aave (AAVE) and Chainlink (LINK) performed the best, primarily because the Trump family's crypto project World Liberty has made significant purchases of ETH, AAVE, and LINK, driving up the prices of these two coins.
The total value of the global cryptocurrency market has declined by 0.5%, now at $3.58 trillion, but trading volume has increased by 2%, reaching $212 billion. At the same time, the fear and greed index indicates that market greed remains strong, scoring 78.
Next, we will conduct a detailed analysis of the latest performances of some major cryptocurrencies.
Today's cryptocurrency market: BTC, XRP, and SOL have fallen, while ETH has risen by 2%.
Overall, today's cryptocurrency market has been quite volatile, with Bitcoin (BTC) maintaining narrow fluctuations but slightly declining, while Ripple (XRP) and Solana (SOL) have also seen slight pullbacks. On the other hand, Ethereum (ETH) has risen by 2%, showcasing the market's resilience amid volatility.
Bitcoin today's price
Bitcoin (BTC) is currently priced at $99,664, having fallen about 2% in the past 24 hours. During this period, Bitcoin's lowest price was $99,210, and the highest was $102,501, showing minor fluctuations. Bitcoin's market cap is $1.97 trillion, with a trading volume of $71 billion.
According to Farside Investor, institutional investor interest remains strong, with Bitcoin inflows reaching $165 million. Grayscale purchased $110 million worth of Bitcoin, while Bitwise and Fidelity contributed $61 million and $30 million, respectively. Despite significant inflows, market expectations for BlackRock's Bitcoin ETF continue, adding uncertainty to the market.
Meanwhile, China's fabless integrated circuit design company Nano Labs Ltd has disclosed its Bitcoin holdings, further reflecting the continued penetration of tech companies into the cryptocurrency sector.
Ethereum today's price
Ethereum (ETH) is currently priced at $3,908, having risen 1% in the past 24 hours. Its lowest and highest prices in 24 hours were $3,836 and $3,986, respectively, showing moderate volatility. ETH's market cap is $471 billion, with a trading volume of $43 billion.
The inflow of funds into Ethereum ETFs is also very active, with inflows reaching $71 million on Thursday, of which Grayscale contributed $51 million and Fidelity contributed $19 million. The market continues to watch BlackRock's Ethereum ETF developments, anticipating more news.
XRP today's price
Ripple (XRP) is currently trading at $2.34, down 1% in the past 24 hours. The lowest and highest prices in 24 hours were $2.313 and $2.481, respectively, showing moderate volatility. XRP's market cap is $134 billion, with a trading volume of $11 billion. Despite the pullback, XRP retains its position as the fourth-largest cryptocurrency by market cap.
Additionally, Ripple has minted over $13 million in RLUSD stablecoins ahead of its anticipated launch, marking Ripple's further expansion of its product range and promoting the application of stablecoins.
Solana today's price
Solana (SOL) has fallen about 1%, currently priced at $227. The lowest price in 24 hours was $224, and the highest was $234, showing moderate volatility. Solana's market cap is $108 billion, with a trading volume of $5 billion, continuing to be a top competitor in the cryptocurrency market.
Solana has also ended Ethereum's eight-year record as the leading blockchain ecosystem for new developers, further proving Solana's appeal among developers and its growing dominance, marking an important milestone in the blockchain field.
Current meme coin market
In the meme coin market, Dogecoin (DOGE) has fallen 2.47%, currently trading at $0.40. Shiba Inu (SHIB) has also dropped 5%, currently priced at $0.00002805.
Other well-known meme coins, such as PEPE, BONK, and WIF, have also seen declines of 7% to 8%, indicating an overall sluggishness in this market segment.
Today's cryptocurrency with the highest increase
Aave (AAVE)
Aave (AAVE) is currently priced at $371, having surged 20% in the past 24 hours. The lowest price in 24 hours was $341, and the highest was $385, reflecting a strong price trend. The Trump family office World Liberty has added AAVE, Ethereum (ETH), and Chainlink (LINK) to its portfolio, further stimulating market interest and confidence.
Chainlink (LINK)
Chainlink (LINK) is currently priced at $29, having risen 20% in the past 24 hours, making it one of the biggest gainers in today's crypto market. The lowest price in 24 hours was $26.89, and the highest was $30.80. LINK's market cap is $18 billion, with a trading volume of $4 billion. Despite significant market volatility, LINK continues to perform strongly.
Lido (LDO)
Lido (LDO) is priced at $2.20, having risen 18% in the past 24 hours. Its lowest price was $1.99, and the highest was $2.37, indicating significant price fluctuations. Lido's increase reflects heightened market interest.
Today's cryptocurrency with the largest decline
Move (MOVE)
The price of Move (MOVE) is $0.64, making it the largest loser today, having fallen 10% in the past 24 hours. The lowest price in 24 hours was $0.61, and the highest was $0.71, showing a clear downward trend.
Theta (TAO)
Theta (TAO) is priced at $579, having fallen 9% in the past 24 hours. The lowest price in 24 hours was $568, and the highest was $638, showing significant price fluctuations.
Algorand (ALGO)
Algorand (ALGO) is currently priced at $0.42, down 8% in the past 24 hours. The lowest price in 24 hours was $0.41, and the highest was $0.47, indicating downward market pressure.
Market Dynamics: Overall, the cryptocurrency market shows a mixed trend. Bitcoin (BTC) has risen in the past hour, showing a positive trend, while major altcoins have shown negative growth during the same period. This market volatility once again highlights the dynamic nature of the cryptocurrency market.