Blockchain
Bitcoin rises above $64,000! Cryptocurrency Market Shows Strength: Rise in ETH, SOL, XRP, and ADA
Bitcoin, the leading cryptocurrency by market capitalization, has made a notable recovery, surpassing $64,230 after recovering from last week’s lows of $57,000. Since Bitcoin’s fourth halving last month, BTC has remained range-bound, but is now showing signs of renewed bullish sentiment.
The broader cryptocurrency market has also seen significant growth, with the global market capitalization approaching $2.4 trillion, marking an increase of 1.5% in the past 24 hours.
However, this surge reflects a recovery in investor confidence in various digital assets, including Ethereum (ETH), Solana (SOL), XRP, and Cardano (ADA).
Today’s cryptocurrency price movement
Bitcoin (BTC)
Bitcoin rose 1.17%, exceeding $64,000 mark to settle at $64,132.50. With a market capitalization of a whopping $1.26 trillion, it shows a sign of start of phase 2 of the running of the bulls.
Ethereum (ETH)
Ethereum, the second-largest cryptocurrency by market capitalization, rallied 1.73% to $3,148.06. Despite the gain, Ethereum trading volume fell 3.24% to $8.28 billion.
Solana (SOL)
On the other hand, Solana witnessed a significant recovery, approaching the $150 mark with an increase of 1.58% to $147.81. However, SOL’s trading volume saw a notable decline of 53.70% or $1.51 billion over the past 24 hours.
XRP and Cardano (ADA)
XRP has it crossed the $0.53 mark, up 1.16% to $0.5339, with a 19.07% increase in trading volume to $540.58 million. Cardano (ADA) also recorded a modest increase of 0.64% to $0.4588, although its trading volume decreased by 13.99% to $222.55 million.
MemeCoins
Dogecoin (DOGE) e Shiba Inu (SHIB) Prices. both posted gains today, with DOGE up 1.77% to $0.1626 and SHIB up 1.22% to $0.00002479.
Top winners and losers
Among the top gainers, today there are Worldcoin (WLD) on the rise up 16.80% to $5.87, Fetch.ai (FET) up 12.99% to $2.40, and SingularityNet (AGIX) up 12.28% to $0.9827.
On the other hand, notable losers include Dogwifhat (WIF) down 3.10% to $3.30, the Core (CORE) down 1.79% to $1.94 and the Six (SEI) down 1.02% to $0.5672 .
Positive momentum in the cryptocurrency market today reflects growing investor confidence, with notable performance across various altcoins, suggesting an optimistic outlook for the broader cryptocurrency space.