Bitcoin (BTC) continues its upward trajectory, reaching $58,388.99, buoyed by significant inflows into Bitcoin ETFs. Over the past 24 hours, BTC has experienced a 2.09% increase, with its daily lows and highs ranging between $57,014.15 and $58,239.20. This surge is largely attributed to $216.33 million in inflows into U.S. spot Bitcoin ETFs, led by BlackRock’s IBIT, which recorded $121.03 million.
BTC’s dominance in the market has risen by 0.22%, now at 53.76%, suggesting a shift in investor focus away from altcoins.
Ethereum Holds Steady
Despite recent volatility, Ethereum (ETH) has managed to hold above the $3,000 threshold. ETH is trading at $3,098.18, marking a 1% gain over the past day. Its price fluctuated between $3,025.51 and $3,106.89, demonstrating resilience in a turbulent market.
Performance of Leading Altcoins
- Solana (SOL): SOL has shown a 2.20% increase, trading at $143.48, with daily lows and highs at $138.86 and $143.93, respectively. Solana recently outperformed Ethereum in terms of inflows, highlighting its growing appeal.
- XRP: XRP’s price rose by 1.45% to $0.4398, with a range of $0.431 to $0.439 over the last 24 hours, buoyed by significant whale movements.
- Dogecoin (DOGE) & Shiba Inu (SHIB): DOGE saw a 1.52% uptick to $0.1097, while SHIB gained 2.53% to $0.0000168.
Mixed Sentiments Among Altcoins
While top cryptocurrencies like BTC and ETH have shown strength, several altcoins have not fared as well:
- Pepe Coin (PEPE): PEPE fell by 2.16% to $0.000009295.
- Flare (FLR): FLR dropped by 3.41% to $0.01949.
- Akash Network (AKT): AKT declined by 2.32% to $3.55.
- Mantle (MNT): MNT saw a slight dip of 0.62% to $0.6651.
Top Gainers and Losers
Gainers:
- Celestia (TIA): Up 19.87% to $7.27.
- Sei (SEI): Increased by 10.97% to $0.3246.
- Bittensor (TAO): Rose by 10.35% to $256.71.
- Jupiter (JUP): Up 7.65% to $0.7826.
Losers:
- Flare (FLR): Down 3.41% to $0.01949.
- Pepe Coin (PEPE): Down 2.58% to $0.000009045.
- Akash Network (AKT): Down 2.32% to $3.55.
- Mantle (MNT): Down 0.62% to $0.6651.
Market Outlook
The global crypto market cap has seen a slight increase of 1% to $2.13 trillion, while the total crypto market volume dipped by 27.32% to $64.39 billion. Hourly charts for BTC, ETH, and top altcoins show a positive momentum of 1%-3%, igniting optimism for future market movements.
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