The global cryptocurrency market is showing a slight 0.13% increase over the past 24 hours, bringing the total market cap to $2.31 Trillion.
The Global cryptocurrency market has improved slightly, rising 0.13% in the past 24 hours, bringing the total market value to $2.31 trillion. However, 24-hour trading activity dropped significantly by 18.72% and currently stands at $47.37 billion. Investor sentiment remains neutral as the Fear & Greed Index stands at 57. While Bitcoin, Ethereum, Solana, and other top cryptocurrencies experienced weakness, XRP and FTX tokens posted significant gains.
Bitcoin Price Analysis: Where will BTC go next?
Bitcoin (BTC) is currently trading at $64,460.4, up 1.15% over the past 24 hours. This slight increase brings BTC just below the key $65,000 resistance level. BTC price fell from $65,000, while the Nikkei 225 dropped nearly 4.5%. Market watchers are focusing on the decline despite $1.11 billion in Bitcoin inflows into U.S. spot Bitcoin ETFs last week.
Keen on BTC price targets? Our Bitcoin price prediction answers this question and more!
Altcoin Prices Today: FTX Token Surges Nearly 60%!
Ethereum price is down 1.45% and is currently trading at $2,631.04. Despite the drop, ETH remains above $2.6k, showing its resilience amid market turmoil. Elsewhere, Solana (SOL) price edged down by 0.66% to $156.43. On the contrary, XRP experienced a significant surge, rising by 5.20% to $0.6467.
Curious about ETH’s long-term price targets? Read our Ethereum price prediction
Biggest Gainer: FTX Token (FTT) stole the show with a staggering 58.94% gain, now trading at $2.26. FTX's gains came on the back of speculation about the company repaying loans from creditors. Mina (MINA) follows suit, rising 8.81% to $0.5921, while Popcat (POP) is up 6.16% to $0.9921.
Biggest loser: Shiba Inu Coin (SHIB) is down 6.30% and currently trades at $0.00001861. Flare (FLR) and Notcoin (NTC) were also among the top losers, down 5.61% and 5.16% respectively.
Stay tuned for daily updates on cryptocurrency prices and market trends!
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