Bitcoin reached $94,000, remaining stable above $92,000, setting a new record. GOAT and BONK were among the cryptocurrencies that gained the most value. The global crypto market value fell to $3.07 trillion. The cryptocurrency market had an eventful day with Bitcoin reaching $93,309, setting a new record. The leading cryptocurrency rose to $94,000 in intraday transactions, but encountered strong resistance at this level. The altcoin market was dominated by a downtrend, and investors were cautious about fluctuations.
Bitcoin is trading at $92,050, up 0.5% in the last 24 hours. The lowest levels during the day were recorded at $91,059 and the highest levels were recorded at $94,002. Bitcoin’s market value rose to $1.81 trillion, with a 24-hour trading volume of $75 billion. The global crypto market shrank by 0.3% to $3.07 trillion. Daily trading volume decreased by 10% to $179 billion. Daily net inflows were measured at $600 million.
While Ethereum fell to $3,128, leading altcoins such as Solana and XRP also fell. Ethereum lost 2.33%, Solana lost 4.5%, and XRP lost 4%. Among meme coins, Dogecoin rose 1.3% to $0.391539, while Shiba Inu lost 3%. This shows a divergent trend in the market.
The Most Profitable and Losing Cryptocurrencies
In the altcoin market, GOATseus Maximus and BONK showed remarkable performance. GOAT increased by 12% and BONK by 10%. UNUS SED LEO pleased its investors by increasing by 9%. On the other hand, Hedera and Akash Network were among the biggest losers with a decrease of 16% and 12.7%, respectively.
The transfer of 210 million coins by XRP whales raised rumors of a possible partnership with Cardano at $ 0.844337. In addition, there was an outflow of $ 67 million from Ethereum ETFs. The lack of updated data from BlackRock and Grayscale created uncertainty in assessing market dynamics.
On a weekly basis, Bitcoin is showing a positive outlook with a 0.02% increase on hourly charts, while Ethereum fell by 0.1% in the same period. While Bitcoin’s rise encourages investors, the declines in altcoins are causing concern.
The crypto market continues to present investors with both opportunities and risks with major fluctuations. Investors should monitor this complex picture carefully.
