The cryptocurrency market today exhibited notable fluctuations, with Bitcoin (BTC) regaining the $64,000 threshold, TAO experiencing a substantial 17% surge, and a mixed performance among altcoins.
Bitcoin Holds Steady at $64K
Bitcoin’s price stabilized at $64,566, marking a nearly 2% increase over the past 24 hours. The cryptocurrency’s trading range was between $62,440.73 and $64,398.11. This stability follows a week of significant inflows into Bitcoin ETFs, totaling $397.04 million, as reported by Soso Value. Additionally, data from Whale Alert revealed substantial Bitcoin transactions, adding to market speculation. Bitcoin’s dominance rose to 56.59%, with a market cap of $1.27 trillion.
Ethereum, Solana, and XRP Show Mixed Results
Ethereum (ETH) gained approximately 3% today, trading at $2,675, with an intraday low of $2,528.52 and a high of $2,685.68. This comes amid $2.87 million in inflows into Ether ETFs over the past week. Ethereum’s market capitalization stands at $322.48 billion.
Conversely, Solana (SOL) saw a minor increase of 0.08%, reaching $148, with its price fluctuating between $141.38 and $148.97. Solana’s market cap is currently $69.28 billion.
XRP, however, faced a decline of nearly 1%, trading at $0.5932, with an intraday range of $0.5796 to $0.5997. XRP’s market cap is $33.50 billion.
Notable Movers in the Market
Among the day’s top performers, Bittensor (TAO) saw an impressive 17% rise, trading at $548, with a low of $447.97 and a high of $540.85. Helium (HNT) also recorded a 12% increase, reaching $7.76, within a range of $6.96 to $7.87. Immutable (IMX) rose by 11%, trading at $1.80, with fluctuations between $1.59 and $1.80.
Meme Coins and Market Trends
In the meme coin sector, Dogecoin (DOGE) edged up by 0.09% to $0.1082, while Shiba Inu (SHIB) gained 0.13% to $0.00001476. Other meme coins like Pepe Coin, WIF, and FLOKI saw increases ranging from 0.5% to 2%.
Top Decliners
Bonk Inu (BONK) experienced a 2% decrease, trading at $0.00001763, with its low and high set at $0.00001667 and $0.00001801, respectively. Pendle (PENDLE) also fell by 2%, settling at $4.14, with a range between $3.97 and $4.42. SATS saw a similar decline of 2%, trading at $0.0002974, within a low of $0.0002801 and a high of $0.0003072.
Market Sentiment
Hourly charts reveal ongoing investor uncertainty, with Bitcoin and Ethereum showing slight drops of 0.5% and 0.04% respectively. These fluctuations continue to stir speculation about future price movements in the crypto market.
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