Bitcoin (BTC) Price Holds Firm Amid Legislative Moves; HBAR, MANTRA, and XLM Rally: Market Watch

The crypto market today has been trading sideways, with a slight increase of 0.06% in its market capitalization, now standing at $3.05 trillion.

Cryptocurrency prices remained largely stable on Wednesday morning, with a slight increase in market capitalization and mixed trends among major altcoins. Here's a closer look at the marketの様子.

Crypto prices hovered sideways on Wednesday morning, showing a minor uptick in market capitalization and mixed trends among major altcoins.

Relative calm in crypto market today

After a turbulent week, largely driven by legislative proposals and U.S. inflation data, cryptocurrency prices showed relative calm on Wednesday. The total crypto market capitalization noted a slight increase of 0.06% in the past 24 hours, summing up to $3.05 trillion. In the meantime, the trading volume has sunk by 8.81% to $158.29 billion.

Nevertheless, the sentiments in the business remain highly positive, as the Fear & Greed Index continues to signal “Extreme Greed” at a score of 82. This comes as the U.S. lawmakers proposed the Bitcoin Act 2024, aiming to establish a Strategic Bitcoin Reserve, targeting the holding of 1,000,000 Bitcoins in the next 5 years.

Bitcoin price holds firm amid legislative moves?

The Bitcoin price witnessed a modest fall of 0.58% since yesterday, with its current price at $90,562.61. BTC's trading activity saw a notable uptick in 24 hours, with the volume surging by 17.30% to $52.23 billion. The market cap of Bitcoin now hovers around $1.79 trillion, with its industry dominance at 58.88%.

BTC has traded between a low of $88,741.77 and a peak of $92,194.36 over the previous day. This comes given the volatility as the proposal aims to set up a U.S. Strategic Bitcoin Reserve, targeting the acquisition of 1,000,000 Bitcoins over the next 5 years.

Looking for in-depth insights on Bitcoin’s future? Explore our detailed Bitcoin Price Prediction.

Altcoin watch: Ethereum, Solana, and XRP price show mixed trends

Major altcoin prices displayed mixed trends on Wednesday. Ethereum suffered a minor dip of 1.22%, changing hands at $3,082.39 as it navigates a cooling business after recent uptrends. Solana, however, outperformed expectations, rallying by 3.63% to hit $243.13. XRP was the front-runner among major altcoins, rising 5.29% to $1.13, portraying robust momentum and renewed interest.

Explore our Ethereum Price Prediction to stay informed about ETH’s potential movements.

Top gainers & losers

Hedera emerged as the top performer among the top 100, soaring 29.77% to $0.1115, followed by Mantra, which saw a 25.19% growth to $4.28. Stellar (XLM) also marked significant gains, rising 22.39% to $0.2388.

Conversely, GOAT struggled as the biggest loser, dropping 16.39% to $1.11. Pyth and WIF rounded out the laggards, falling by 6.67% and 6.16%, respectively.

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