Bitcoin price has surged above $88k today, and it is poised to break the $90k mark in a steady rally. This new trend in Bitcoin has outpaced most major altcoins as ETH, XRP, and SOL have failed to catch up with the momentum of the leading cryptocurrency.
After opening with a weekly bullish trend yesterday, Bitcoin has steadily gained during the last 24 hours and registered a new monthly high. Given that Bitcoin and the entire crypto market have traded sideways over the last two weeks, this surge was highly anticipated by investors and traders, as it would now open the path to breaking the $90k price mark.
At the time of writing, Bitcoin price is trading close to $88,600 – a 2.12% increase over the last 24 hours. It has been steadily rising from a daily low of $86,692 to $88,638 and the 24-hour trading volume has surged by nearly 40% to $36.65 billion. Among the major altcoins, ETH is trading near $1,630, while XRP is attempting to move above $2.10 – all of which reflect a drop in investor confidence. Similarly, Solana (SOL), Tron (TRX) and Cardano (ADA) have also lost traders' interest while they are trading near key resistance levels.
The overall altcoin market has spiked decently today, with it sitting at a market cap of $1.01 trillion today.
On the top-gaining list, Fartcoin is in the lead, surging over 18% while it is followed by KAS, POL and STX with all spiking 14%, 11% and 10% respectively. Other daily gainers include KAIA, TAO, DEXE and BONK, which have surged nearly 5% in the past 24 hours.
Meanwhile, LEO is the top losing crypto today, with its price dropping 6%, followed by FIL, MOVE, ICP and CORE.
Trending Crypto Today
BTC (Bitcoin)
FARTCOIN (Fartcoin)
SOL (Solana)
DEEP (DeepBook Protocol)
POL (Polygon)
Top Crypto Gainers Today
FARTCOIN (Fartcoin): +18%
KAS (Kaspa): +14%
POL (Polygon): +11%
STX (Stacks): +10%
KAIA (Kaia): +8%
Top Crypto Losers Today
LEO (UNUS SED LEO): -6%
FIL (Filecoin): -5%
MOVE (Movement): -4%
ICP (Internet Computer): -4%
CORE (Core): -4%
As per CoinMarketCap data, the total crypto market cap today sits at $2.77 trillion with a 24 hour trading volume of $87.52 billion.
Crypto news today
Crypto price today
Finencepicks
Follow for Crypto news today.
Post a Comment