The crypto market is recovering from the losses of the last 48 hours today, with the market cap adding 1.34% gains in 24 hours to reach a staggering $3.4 trillion. Trading volumes also jumped 10.25% to $291.27 billion, signaling renewed optimism among investors. This was evident with the Fear and Greed Index reporting a “Greed” score of 62.
Bitcoin Shows Resilience as Dominance Remains Strong
Bitcoin has been catching up with the bullish candles, as the market shows signs of recovery. Up 0.30% in 24 hours to a price of $97,569.12, it also saw a modest 2.5% increase in its trading volume to $95.99 billion. Speaking of inflows, Metaplanet Inc. made headlines by raising $61 million to accelerate its Bitcoin purchases. The crypto star’s influence in the sector remains strong, with a dominant position of 56.82%.
To get a glimpse of the future of Bitcoin, explore our Bitcoin Price Prediction.
Altcoins Watch: ETH overtakes BTC
Ethereum outperformed Bitcoin on the daily charts with a 2.91% price rise to $3,490.85. Solana and XRP also posted subtle gains, rising 1.27% and 0.55% to $197.47 and $2.32, respectively.
For a detailed analysis of Ethereum, see our Ethereum Price Prediction.
Top winners and losers
HYPE was the biggest gainer, up 34.27% to $33.15, followed by VIRTUAL, which rose 18.78% to $2.74, and ENA, which rose 17. 55% to $1.16. However, this optimism was not shared by other tokens. The biggest losers of the day were APTOS, which fell 12.22% to $10.28, XMR, which fell 5.93% to $189.13, and OM, which fell 3. 65% at $3.85.
FAQs
Bitcoin price is $97,569.12, reflecting a 0.30% gain over the past 24 hours.
HYPE (+34.27%), VIRTUAL (+18.78%) and ENA (+17.55%) were the main gainers.
The Fear & Greed Index stands at 62, signaling “greed.”
