Bitcoin Steadies Amid Market Rally as Altcoins See Strong Gains Led by Ethereum and Solana
- Patricia ArquetteOriginal
- 2024-11-07 19:20:28891browse
The crypto market continued its upward surge, posting a strong 7.41% increase over the past 24 hours and lifting the global market cap to an impressive $2.46 trillion.
The crypto market displayed a bullish surge on Friday, with a 7.41% increase over the past 24 hours, lifting the global market cap to $2.46 trillion. Trading volumes also soared by 128.03%, reaching $192.7 billion.
The Fear & Greed Index currently sits at 62, indicating “Greed” drives market sentiment, as Bitcoin climbs while facing profit-taking pressures.
Bitcoin’s price edged up by 0.55% to $74,897.99, showcasing a modest advance in the last 24 hours. Trading volumes for BTC also witnessed a notable increase of 14.18%, instilling confidence among investors despite the recent surge.
With the market approaching high levels of vitality, Bitcoin enthusiasts are keeping a close watch on potential profit-taking, which could curb momentum as it edges closer to its all-time highs.
Curious about Bitcoin’s outlook? Check out our Bitcoin Price Prediction for insights into BTC’s potential path forward.
Ethereum experienced a remarkable 9.99% surge, lifting its price to $2,847.61. The surge comes as the network benefits from increasing institutional interest and ongoing network improvements.
Solana, on the other hand, emerged as one of the day’s top performers with a striking 14.47% rise, propelling its price to $185.45. XRP also rode the wave, climbing 4.58% to $0.5345, signaling growing optimism across major altcoins.
Explore our Ethereum Price Prediction to see if ETH could extend its gains in the coming days.
Among the top 100 cryptocurrencies, LIDO led the pack with a stunning 33.58% surge, followed by Ethena and Raydium, which posted gains of 27.81% and 27.29%, respectively.
However, it wasn’t all green across the board—Dogecoin faced a 3.20% dip, while WIF and Sui dropped by 1.96% and 1.59%, respectively, highlighting a mixed day for crypto investors.
Stay tuned for more updates as the crypto market experiences heightened activity, with traders balancing bullish enthusiasm and cautious optimism.
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