Bitcoin Surpasses $97,000 While FLOKI Shines in the Crypto Market

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Bitcoin has exceeded $97,000, reaching an all-time high today. While major altcoins experience slight increases, the meme coin FLOKI stands out with a 16% rise, becoming the day’s biggest winner. The global cryptocurrency market value has risen to $3.16 trillion.

Bitcoin and Altcoin Prices Continue to Rise

Bitcoin maintains its strong price momentum, breaking through the $87,000-$93,000 range to surpass $97,000. As of today, BTC trades above $97,000, with a market capitalization recorded at $1.91 trillion. According to Sosovalue data, $750 million flowed into BTC ETFs on Wednesday, reflecting increased institutional interest in Bitcoin.

Ethereum trades at $3,072, reflecting a 1% decrease. With a market value of $370 billion, Ethereum continues to hold its position as the leading altcoin. Solana also saw a 1% increase, rising to $233.90 and achieving a market value of $111.2 billion. The overall positive trend in major altcoins keeps market participants engaged.

FLOKI Gains Attention with 16% Increase

Despite mixed performance among meme coins, FLOKI stands out with a 16% increase, becoming the most profitable cryptocurrency. FLOKI reached $0.0002775 in the last 24 hours, gaining 19% over the week and attracting investors’ attention.

Meanwhile, Dogecoin and Shiba Inu ended the day with slight losses. Other meme coins like PEPE, BONK, and WIF also showed a downward trend. However, FLOKI’s strong performance has rekindled interest in meme coins.

The total value of the global cryptocurrency market has reached $3.16 trillion, with trading volume remaining steady at $184 billion. Bullish signals on the hourly charts for BTC and ETH indicate an overall positive trend in the market.

Ripple ‘s partner Archax collaborates with State Street, Fidelity International, and LGIM to create tokenized funds. These funds will be utilized on the XRP Ledger, Hedera, and Arbitrum blockchains. This innovative approach shows that the trend of tokenization in the crypto ecosystem is gaining momentum.

These developments in the cryptocurrency market present various opportunities for investors. Bitcoin’s ascent supports the market, while fluctuations in meme coins should be monitored closely. It is essential for investors to analyze market dynamics and make strategic decisions.

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