The cryptocurrency market has seen substantial upward momentum, with a 1.79% gain in overall market cap to $2.38 trillion. In addition, 24-hour trading volumes have risen by 65.13%, indicating higher trader activity. The Fear & Greed Index is at 63, showing an increasing sense of market greed as Bitcoin’s dominance grows to 57.2%.
Bitcoin Today: BTC Nears $70k Amid Record Inflows
Bitcoin’s steady increase continues, with the price currently hovering at $69,107. Open interest in Bitcoin derivatives reached a record $40.5 billion, with traders expecting a push toward $70k. Last week, Bitcoin ETFs witnessed $2.13 billion in inflows, boosting investor confidence even more. While still 6.51% below its all-time high, Bitcoin’s momentum remains strong as it attempts to break through its resistance levels.
Keen about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!
Altcoins Watch: Ethereum and Solana Shine
Ethereum has gained 3.66% in the last 24 hours, with $78.89 million in weekly inflows into US spot ETH ETFs. Ethereum’s dominance stands at 13.8%, reflecting its consistent position in the market.
Keen on the long-term price targets of ETH? Read our Ethereum Price Prediction
Solana emerged as one of the best-performing altcoins, with a 6.59% increase that brought its price to $170.39. Solana’s strong success indicates increased interest in its network and environment, making it a standout in the altcoin market. Meanwhile, Ethereum XRP saw a modest 1.22% price surge to $0.5487.
Apechain Launch Propels Apecoin, dydx, and Mina Surge
Apecoin rose to the spotlight, soaring 100% with the launch of the Apechain network. The token’s price rose from $0.88 to $1.62 in just six hours. Meanwhile, dydx increased by 25.81%, while Mina Token increased by 12.92%, placing them among the market’s top performers.
Aerodrome and Litecoin See Decline
On the other hand, certain assets incurred minor losses. Aerodrome Finance fell 2.05%, while Litecoin declined 0.87%. Mantra too experienced a modest 1.95% decrease.
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