The cryptocurrency market rebounded strongly, with the total market capitalization rising by 1.79% to $2.38 trillion. The 24-hour trading volume surged by 65.13%, showing a significant increase in trader activity. The current fear and greed index is 63, Bitcoin’s dominance has risen to 57.2%, and market greed is gradually increasing.
Bitcoin market: Record inflows, price approaching $70,000. Bitcoin continues to rise, with the current price around $69,107, derivatives open interest has hit a new high of $40.5 billion, and traders expect the price to hit $70,000. Last week, Bitcoin ETF inflows reached $2.13 billion, further boosting investor confidence. Although Bitcoin is still 6.51% below its all-time high, momentum remains strong and it is trying to break through key resistance levels.
Altcoin performance: Ethereum and Solana lead the way. Ethereum has gained 3.66% in the past 24 hours, with weekly inflows into the US spot ETH ETF of $78.89 million and market dominance of 13.8%, demonstrating its stability.
Solana emerged as one of the standout altcoins, rising by 6.59% to reach $170.39, indicating continued market interest in its network and ecosystem, making it stand out in the altcoin market. Meanwhile, Ethereum and XRP prices edged up 1.22% to $0.5487.
