The cryptocurrency market has surged today, with Bitcoin (BTC) leading the charge, crossing $64,000, and a series of altcoins following in its wake. The rally has sparked optimism, buoyed by major market moves such as the Bank of Japan’s unchanged rates and the U.S. Federal Reserve’s recent 50 basis point rate cut.
Bitcoin Price Hits $64K
BTC surged past the $64,000 mark, recording a 3% gain over the past 24 hours. With intraday prices ranging from $61,844 to $64,050, Bitcoin benefited from a $158.21 million inflow into spot Bitcoin ETFs. However, despite these gains, Bitcoin’s market dominance slightly slipped by 0.04% to 57.28%. Whale activity was also detected, with a Satoshi-era wallet becoming active again, further fueling bullish sentiment.
Ethereum and Solana Also on the Rise
Ethereum (ETH) posted a 6% increase, trading at $2,540, with a new intraday high. The coin’s rising value coincides with $5.24 million flowing into Ethereum ETFs. ETH’s market cap currently sits at $298.48 billion, with its upward momentum likely contributing to broader altcoin gains.
Solana (SOL) also showed significant movement, up 4% in the past day, trading at $144. Its price movement was accompanied by notable gains in associated tokens such as MEW and FIDA, thanks to recent listings.
Meme Coins and Other Gainers
Meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) also saw increases of 1.5% and 3%, respectively, reflecting the overall market sentiment. Additionally, PEPE, WIF, and FLOKI registered gains between 4% and 6%, highlighting growing enthusiasm in the meme crypto sector.
Among the top gainers today are Bittensor (TAO), which surged 14% to $407, Core (CORE), which also jumped 14% to $1.11, and Dogwifhat (WIF), which gained 7%, trading at $1.79.
Top Crypto Losers
Not all cryptos enjoyed gains. Helium (HNT) fell by 7%, now trading at $7.03, while NEAR Protocol (NEAR) slipped by 3%, sitting at $4.40. Nervos Network (CKB) also lost 3%, falling to $0.01743.
Global Market Overview
The global crypto market cap rose 1.42% in the past day, reaching $2.18 trillion, though total market volume dropped 10.61% to $81.60 billion. Despite some market losers, the bullish movement across major cryptos and altcoins has created a positive outlook for investors today.
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