The cryptocurrency market has risen 4.34% in the past 24 hours to reach a valuation of $3.31 trillion. This increase coincided with a huge increase in trading volume, which rose 30.98% to $248.9 billion. The excitement among investors is clearly visible, as evidenced by the Fear & Greed Index, which shows ‘Extreme Greed’ at 88. With Bitcoin approaching $100,000 and reforms taking place in the SEC, such as the resignation of Gary Gensler as chairman, continued investors enthusiastic. on market developments.
Bitcoin Reaches New ATH Above $99,000, Dominance Remains Strong
Bitcoin price peaked at a new all-time high (ATH) of $99,314.95 before falling slightly to $99,011.98, marking a daily increase of 1.25%. BTC’s 24-hour trading volume reached $97.50 billion, up 13.17%. While Bitcoin’s dominance remained steady at 59.24%, inflows into Bitcoin ETFs totaling $397 million boosted market sentiment.
Looking for insights on BTC’s next step? Check out our Bitcoin price prediction.
Altcoin Watch: Solana & XRP Shine
Ethereum posted a modest gain, rising 0.19% to $3,394.18. The Solana ecosystem and price tag stole the show, reaching a new all-time high at $262.58 and ending the day with an astonishing 8.90% increase. XRP also made headlines, rising an astonishing 25.33% to $1.40.
For more information on Solana’s trajectory, check out our detailed Solana price forecast.
Top winners and losers
Among the top performers, FTX Token (FTT) was the winner, rising 41.35% to $2.83. Mog Coin followed with a 33.35% jump to $0.0000002925, and XRP rounded out the top three with a 25.33% gain.
Conversely, Bitcoin SV (BSV) suffered the biggest loss, down 10.73% to $68.73. PNUT and eCash followed closely, losing 10.08% and 9.21% respectively.
As crypto markets recover, will this momentum continue or face resistance in the future? Stay tuned for daily updates and expert analysis!
Frequently asked questions
Bitcoin is claiming a new all-time high, and expectations that it will reach the $100,000 mark have fueled the majority of altcoins in the current crypto market.
The advance filing of Solana ETFs has played a crucial role in SOL’s price rise, claiming a new all-time high of $262.58.
The possibility of Bitcoin reaching the $100,000 mark remains on the higher side as optimism among market players continues to reach new peaks.
