Altcoins are on fire! ETH, SOL, XRP, ADA join Bitcoin bull run to break $64K mark
In a stunning rally, Bitcoin has surged to the $64,000 mark, resuming its bullish stance after falling to $57,000 last week. This recovery comes after Bitcoin’s fourth halving, indicating renewed optimism across the cryptocurrency market.
The entire crypto market is experiencing a strong rally, with its global market capitalization approaching $2.4 trillion, a sharp increase of 1.5% over the past day.
This surge reflects a recovery in investor confidence across Bitcoin, Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA).
Tracking the bullish vibe: Cryptocurrency prices in focus
BTC
Bitcoin led the pack with a 1.17% gain, breaking past the $64,000 mark to close at an impressive $64,132.50. With a market cap of $1.26 trillion, the surge hints at the start of what enthusiasts call the “second phase of the bull run.”
ETH
Decentralized finance giant Ethereum flexed its muscles, rising 1.73% to $3,148.06. Despite the rise, Ethereum’s trading volume fell slightly by 3.24% to $8.28 billion.
SOL
Meanwhile, Solana staged a stunning rebound, rising 1.58% to $147.81, closing in on the $150 milestone. However, SOL’s trading volume fell sharply by 53.70% to $1.51 billion over the past 24 hours.
ADA)
XRP has broken through the $0.53 mark, rising 1.16% to $0.5339, with trading volume soaring 19.07% to $540.58 million. Cardano (ADA) also rose slightly by 0.64% to $0.4588, although trading volume fell 13.99% to $222.55 million.
MEME
Dogecoin (DOGE) and Shiba Inu (SHIB) prices both rose today, with DOGE rising 1.77% to $0.1626 and SHIB rising 1.22% to $0.00002479.
Winners and Losers
Today’s top performers include Worldcoin (WLD), which surged 16.80% to $5.87, Fetch.ai (FET), which rose 12.99% to $2.40, and SingularityNet (AGIX), which surged 12.28% to $0.9827.
On the other hand, notable laggards include Dogwifhat (WIF), which fell 3.10% to $3.30, and Core (CORE), which fell 1.79% to $1.94, and Sei (SEI) fell 1.02% to $0.5672.
Today's positive momentum in the cryptocurrency market reflects the increase in investor confidence, and various altcoins have performed significantly, indicating a positive outlook for the broader cryptocurrency sector.
With the increase in investor confidence, where will the cryptocurrency market go next?
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