The crypto market has been riding a positive wave since the previous day. The optimism has led to a 3.74% spike in market cap to $2.99 Trillion. However, despite the surge in valuations, the trade volumes have dipped 5.31%, with the numbers at $301.48 billion. That being said, the enthusiasm amongst traders remains at an all-time high as BTC claimed a new ATH above $93k. This is evident with the Fear & Greed Index’s extreme greed score of 86.
Bitcoin Breaks All-Time High, Runs Past $93k
Bitcoin has made it to the spotlight with its astounding rally, crossing a new all-time high (ATH) of $93,434.36. After the heated run, the BTC price is currently at $90,039.70. However, Bitcoin’s intraday trading volume fell slightly by 3.29%, hinting at investors being cautious about possible liquidations. On the other hand, Bitcoin ETFs in the U.S. saw inflows worth $817.5 million on Tuesday, further strengthening the market confidence.
Looking for in-depth insights on Bitcoin’s future? Explore our detailed Bitcoin Price Prediction.
Altcoins Ride the Positive Wave
Ethereum joined the upward circuit, registering a 1.66% gain, changing hands at $3,219.48. Solana outperformed ETH with a 5.42% price spike to $217.74, while XRP impressed with a 6.19% rise to $0.6996.
Explore our Ethereum Price Prediction to stay informed about ETH’s potential movements.
Top Gainers
Today’s top performer from the top 100 is the PNUT memecoin, which rose by 149.05% to $2.18, underscoring investor interest in smaller, high-risk assets. Meme coins Pepe and Mogcoin also stood out, with Pepe up 83.14% at $0.00002371 and Mogcoin climbing 44.19% to $0.0000002431.
Not All Shines: Top Losers
Conversely, Kaspa recorded a 2.81% plunge, currently trading at $0.1297. Stellar followed, with a fall of 2.16% to $0.1246, and Aerodrome Finance slipped 1.97% to $1.32, signaling selective pullbacks in an otherwise upbeat market.
Subscribe to stay tuned for more crypto updates as market dynamics continue to evolve, driven by bullish sentiment and record-breaking achievements.
FAQs
The current all time high of Bitcoin stands at $93,434.36
Yes, if the optimsim persists we can expect Bitcoin to hit $100k this week
1 Ethereum (ETH) token costs $3,219.48
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