Crypto prices today show a significant rise, sparking optimism among investors. Bitcoin (BTC) has climbed to the $56K mark, recovering from a dip to $53K. Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), and Shiba Inu (SHIB) have also followed this upward trend.
Market Overview
The global crypto market cap increased by 2.79% in the past day, reaching $2.06 trillion. The total crypto market volume also saw a 4.83% rise, hitting $109.33 billion.
Bitcoin Price Movement
Bitcoin’s price rose by 1.90% over the past 24 hours, currently trading at $56,369.52. Its daily low was $53,717.38, while the high reached $56,979.02. This increase is partly due to $143.1 million in inflows into U.S. spot Bitcoin ETFs, suggesting institutional interest in buying the dip. Despite this, Bitcoin’s market dominance dropped by 0.62% to 53.87%.
Ethereum Price Update
Ethereum’s price saw a 2.12% increase, reaching $2,973. Its 24-hour low was $2,957.40, and the high was $3,023.58. Ethereum’s market cap stands at $357.61 billion. Despite potential ETF developments, Ethereum has shown volatility with institutions favoring Bitcoin and Solana over ETH.
Solana and XRP Performance
Solana (SOL) experienced a significant 9.14% upswing to $134.77, with daily lows and highs at $122.42 and $137.53. Ripple’s XRP followed the broader market trend, rising by 8.15% to trade at $0.428, with its daily range between $0.3948 and $0.4314.
Meme Coins on the Rise
Dogecoin surged by 11.81% to $0.1067, while Shiba Inu gained 14.69% to $0.00001508. Other meme coins, including PEPE, FLOKI, and BONK, saw increases of 9%-16%. The standout performer was dogwifhat (WIF), ranking among the top gainers.
Top Crypto Gainers Today
- Akash Network (AKT) rose by 26.92% to $3.35.
- dogwifhat (WIF) jumped 26.17% to $1.93.
- MANTRA (OM) climbed 22.87% to $0.8321.
- MultiversX (EGLD) increased by 18.29% to $33.33.
Top Crypto Losers Today
- UNUS SED LEO (LEO) dropped by 1% to $5.69.
- Core (CORE) fell slightly by 0.23% to $0.8873.
Conclusion
Hourly charts for Bitcoin and Ethereum show slight dips, indicating some volatility. However, altcoins continue to rise, contributing to Bitcoin’s reduced market dominance.
