1 week Ago
The crypto market today is up by 1.09% at a market cap of $2.72T, with Bitcoin nearing the $85,000 mark, and top cryptos like Ethereum and Dogecoin following the suit.
Meanwhile, the altcoins Binance Coin and Solana have reported minor dips. Stablecoins like Tether and USD Coin are maintaining their positions, as expected, for these instruments. Let’s explore the movements of the top 10 cryptos within the last 24 hours to make well-informed, data-driven decisions.
Bitcoin (BTC), the largest cryptocurrency globally in terms of market capitalization, has experienced a 1.57% growth within the past 24 hours to $84,479.28.
The total market capitalization of the asset is $1.67 trillion, while its trading volume is approximately $28.54 billion.
The circulating supply has stayed constant at 19.84 million BTC. Thus, strengthening its position as the topmost digital currency.
The recent price rise is due to increasing institutional demand and the recently proposed Bitcoin ming company by Trump family and Hut 8 . Traders are monitoring Bitcoin's activities closely, as it maintains its upward trend with the potential to cross $85,000 . Ethereum (ETH), the second-largest cryptocurrency, is showing strong momentum, up 2.
09% over the last day. It is now trading at $1,877.99, with a total market capitalization of $226.
6 billion. Ethereum's 24-hour trading volume is $14.92 billion, while its circulating supply is 120.
66 million ETH. The continued growth in Ethereum's ecosystem, such as developments in Layer-2 scaling solutions and institutional investment is behind this price hike. With Ethereum's shift to proof-of-stake (PoS) complete, investors expect even more growth.
While Ethereum and Bitcoin have registered gains, various altcoins displayed mixed sentiments. XRP is trading at $2.09, down by 0.
39% in the last 24 hours. Its market capitalization is $121.9 billion, with a 24-hour volume of $4.
05 billion. Binance Coin (BNB) has fallen by 1.36%, currently trading at $600.
54. The asset's overall market cap is $85.56 billion, with $2.
12 billion traded in the last 24 hours. Solana (SOL) has also lost 1.27% and is now trading at $124.
54. Its market capitalization stands at $63.83 billion, with a daily trading volume of $2.
98 billion. Though the altcoins dipped slightly, they remain of interest to investors for the core blockchain tech and actual uses. Among the notable winners is Dogecoin (DOGE) , which has risen 1.
52% in the last 24 hours to $0.1713. Dogecoin's market capitalization now stands at $25.
47 billion, with a daily trading volume of $1.16 billion. The meme currency's growing popularity, driven by social media and celebrity support, continues to influence its price actions.
Cardano (ADA) has also registered a 0.68% gain, trading at $0.6741 now.
Its market cap stands at $23.77 billion, with $660.46 million ADA being traded within the past 24 hours.
Stablecoins have held their ground, reinforcing their status as a safe-haven asset in the crypto market today. Tether (USDT) stays steady at $0.9998, boasting a market cap of $144.
01 billion and a trade volume of $59.50 billion. USD Coin (USDC) is stable at $0.
9999, with a market capitalization of $60.07 billion and $9.10 billion in daily trade volume.
With Bitcoin nearing the $85,000 milestone, traders and investors are closely monitoring the market for potential breakouts. The growing institutional adoption and macroeconomic factors continue to drive Bitcoin’s momentum. Meanwhile, Ethereum’s steady rise and Dogecoin’s resilience highlight the changing dynamics of the cryptocurrency market.
Since volatility is high, investors should remain cautious while making any investment choices. The quick movements of the crypto market offer both opportunities and risks for short-term traders..
