Today, the cryptocurrency market is experiencing a bullish surge, with Bitcoin (BTC) reaching a historic all-time high of $106K. This milestone marks a significant achievement for the world’s leading cryptocurrency, which has been fluctuating between $97K and $103K in recent days. Major altcoins, including Ethereum (ETH), XRP, and Solana (SOL), have followed suit, recording notable gains over the last 24 hours, further signaling a strong market sentiment.
Bitcoin’s price currently stands at $105,120, reflecting a 3% increase in the last 24 hours. With a market cap of $2.08 trillion and a trading volume of $60 billion, Bitcoin continues to dominate the market, holding 56.1% of the total crypto market share. Investor interest remains high, as evidenced by Bitcoin ETFs seeing inflows of $2.17 billion last week, the second consecutive week of positive flows.
Ethereum (ETH) is also seeing bullish momentum, trading at $3,984, up by 3% over the past 24 hours. Ethereum’s market cap is currently at $481 billion, supported by a robust trading volume of $30 billion. Institutional interest is growing, as ETH ETFs have seen inflows of $854 million, marking the third consecutive week of positive investment activity.
XRP continues to maintain its strong position in the market, trading at $2.40 with a 1% increase over the past 24 hours. XRP’s market cap stands at $138 billion, supported by a trading volume of $7 billion. Exciting news surrounding XRP includes BlackRock’s announcement of plans to launch an XRP ETF, sparking further optimism in the market.
Solana (SOL) is also performing well, trading at $222, reflecting a 1% increase over the last 24 hours. With a market cap of $106 billion and a trading volume of $3.4 billion, Solana remains one of the top players in the crypto space, ranking 5th in terms of market capitalization.
Among the top gainers today, Fantom (FTM) stands out with a remarkable 17% increase, trading at $1.44. Stacks (STX) follows closely, up by 15%, trading at $2.55. These significant surges demonstrate the continuing bullish momentum across the market.
Also Read: Bitcoin Hits New All-Time High of $106K, Key Drivers Behind the Historic Surge and $120K Target
Overall, the crypto market has gained approximately 3%, pushing the global market cap to $3.74 trillion, with trading volume climbing by 20%, reaching $147 billion. The Fear and Greed Index, now at 80, indicates extreme greed, reinforcing the positive outlook for crypto prices today.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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