The cryptocurrency market has risen by 4.34% in the last 24 hours, reaching a valuation of $3.31 trillion. This surge coincided with a huge increase in trade volume, which surged by 30.98% to $248.9 billion. Investor excitement is apparent, as indicated by the Fear & Greed Index, which shows “Extreme Greed” with 88. As Bitcoin approaches $100,000, and reforms taking place in the SEC, such as Gary Gensler stepping down from the chairman’s role, investors remain keen on market developments.
Bitcoin Hits New ATH Above $99k, Dominance Stays Strong
Bitcoin price peaked at a new all-time high (ATH) of $99,314.95 before slipping slightly to $99,011.98, representing a daily advance of 1.25%. BTC’s 24-hour trading volume reached $97.50 billion, a 13.17% increase. With Bitcoin’s dominance remaining stable at 59.24%, inflows into Bitcoin ETFs totaling $397 million boosted market sentiment.
Looking for insights on BTC’s next move? Check out our Bitcoin Price Prediction.
Altcoin Watch: Solana & XRP Shine
Ethereum made modest gains, surging 0.19% to $3,394.18. Solana ecosystem and the price tag stole the show, setting a new all-time high of $262.58 and completing the day with an astounding 8.90% rise. XRP also grabbed headlines, rising by an astounding 25.33% to $1.40.
For more on Solana’s trajectory, explore our detailed Solana Price Prediction.
Top Gainers & Losers
Among the top performers, FTX Token (FTT) led the gainers, skyrocketing by 41.35% to $2.83. Mog Coin followed with a 33.35% jump to $0.0000002925, and XRP rounded out the top three with its 25.33% surge.
Conversely, Bitcoin SV (BSV) suffered the largest loss, dropping 10.73% to $68.73. PNUT and eCash followed closely, shedding 10.08% and 9.21%, respectively.
As crypto markets rally, will this momentum sustain or face resistance ahead? Stay tuned for daily updates and expert analysis!
FAQs
Bitcoin claiming a new all-time high, and the anticipation of it hitting the $100k mark has fueled the majority of altcoins in the crypto market today.
The advance filing of Solana ETFs has played a pivotal role in the price surge of SOL and it claiming a new all-time high of $262.58.
The possibility of Bitcoin hitting the $100k mark remains on the higher side, as the optimism among the market players continues to hit new peaks.
