The cryptocurrency market experienced a surge today, with Bitcoin (BTC), Ethereum (ETH), and XRP showing significant price reversals. Dogecoin (DOGE) and Cardano (ADA) also saw gains exceeding 5% in the last 24 hours.
This upward trend coincided with the start of the week, impacting both crypto and stock markets despite ongoing trade tensions. While traders and investors remain cautious, the market is poised for significant future movements. Many analysts predict a substantial downturn, mirroring concerns about a potential US recession.
At the time of writing, Bitcoin is trading near $84,000, a 2.35% increase for the day, with a 24-hour trading volume of $27.46 billion. The price fluctuated between a daily low of $81,885 and a high of $84,456.
Bitcoin (BTC) Price – Source: Coinmarketcap
Following last week's significant drop, Ethereum (ETH) has begun to recover, surging nearly 4% to a daily high of $1,888 before settling slightly lower at $1,864. XRP also saw notable gains, rising 3.27%, while BNB and SOL increased by 2.27% and 2.87% respectively.
Among the top performers, FARTCOIN led with a remarkable 32% surge in the past 24 hours, followed by CRV (18%), DEEP (17%), and CVX (15%). Conversely, KAVA, VANA, JUP, and IP experienced declines of approximately 6% over the same period.
Trending Cryptocurrencies Today:
- COMP (Compound)
- SOL (Solana)
- ETH (Ethereum)
- EOS (EOS)
- ADA (Cardano)
Top Gainers Today:
- FARTCOIN (Fartcoin): +32%
- CRV (Curve DAO Token): +18%
- DEEP (DeepBook Protocol): +17%
- Convex Finance (CVX): +15%
- PENDLE (Pendle): +13%
Top Losers Today:
- DEXE (DeXe): -25%
- KAVA (Kava): -8%
- VANA (Vana): -6%
- JUP (Jupiter): -5%
- IP (Story): -5%
According to Coinmarketcap, the total cryptocurrency market capitalization currently stands at $2.71 trillion, with a 24-hour trading volume of $77.47 billion.
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