The crypto market has been creating with optimism hitting new peaks each day. As a result, the market cap of the industry has surged 3.98% in the last 24 hours to $3.19 trillion. The trade volumes also registered a notable spike of 7.19%, with $193.79 billion moved. The Fear & Greed Index now signals fueling optimism, with an “Extreme Greed” score of 85.
Bitcoin continues to take over the headlines, climbing to a new ATH of $97,862.64 before slightly retracing to its press time level of $97,527.03. The intraday trading volume leaped 15.20% to $86.73 billion, reflecting heightened market activity. BTC’s dominance now stands at tough at 60.55%, underlining its presence in the market. ETF inflows have further fueled the rally, with BlackRock’s IBIT leading the charge, recording $627.7 million out of a total of $750 million in ETF inflows on Wednesday.
Curious about Bitcoin's trajectory? Explore our Bitcoin Price Prediction for deeper insights.
Ethereum (ETH) price showcased a minor dip, sliding 0.19% to $3,107.45, while Solana (SOL) saw a subtle rise of 1.25%, trading at $238.15. XRP also gained momentum, increasing by 1.86% to $1.11.
Read our Ethereum Price Prediction for a detailed analysis of ETH’s next potential move.
Bitcoin Cash (BCH) stole the limelight among the top 100 altcoins, zooming 17.21% to $515.06, followed closely by Bitcoin SV (BSV), which grew 10.89% to $76.08. eCash rounded out the top gainers with a 10.11% uptick.
However, not all assets basked in the bullish influence. GOAT led the decliners, falling 13.99% to $0.9666, followed by Popcat (-11.03%) and Mantra (-10.47%).
Stay tuned as the crypto market continues to evolve, with Bitcoin leading the charge and altcoins navigating mixed trends.