The cryptocurrency market continues to show signs of growth, with the overall market capitalization increasing by 1.75% to reach $2.3 trillion. This upward trend is reflected in the 24-hour trading volume, which has surged by 31.14% to $89.75 billion. Despite recent market advances, investor sentiment remains cautious, as indicated by the Fear & Greed Index standing at 54.
Bitcoin (BTC) has seen a 1.70% increase and is currently trading at $65,555.87. Traders are closely watching for a potential breakout above $68k, which could signal a bullish trend. The recent price spike has injected optimism and momentum into the market, raising hopes for further gains.
Ethereum (ETH) has recorded a modest 0.81% increase, maintaining its stability at $2,650.86. Despite minor fluctuations, ETH continues to be a reliable investment for long-term holders. Solana (SOL) has experienced a notable 2.19% increase, reaching $156.34 and solidifying its position as one of the top-performing altcoins. XRP has also seen a 0.39% increase, trading at $0.5875 as the market braces for potential regulatory developments.
In terms of top gainers, Wormhole (WH) leads the pack with a 17.00% increase, now priced at $0.3199. Pepe (PEPE) and Floki (FLOKI) have also seen significant gains of 15.37% and 14.38%, respectively. On the other hand, Bittensor (TAO), Popcat (POP), and Immutable (IMX) are among the top losers, with declines ranging from -3.31% to -5.44%.
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