The upward trend observed in the market signifies that market participants have set aside their apprehensions regarding geopolitical issues and other macroeconomic challenges. Notably, the indication by Federal Reserve Chairman Jerome Powell to halt the interest rate hike cycle has also contributed to the market’s ascent. Here is the most recent update on the prominent cryptocurrency BTC and other altcoins, with a specific focus on the leading altcoin Ethereum (ETH).
Latest Update on Bitcoin and Various Altcoins
Bitcoin is presently being traded at $30,675, reflecting a 2.19% increment in the last 24 hours. During the same period, the trading volume of this leading cryptocurrency has also surged by 19.18% to reach $14.9 billion. Moreover, data suggests that BTC’s price has experienced a 10.12% surge in the past 7 days.
The largest altcoin, Ethereum, is currently being traded at $1,682, showcasing a 2.43% increase in the past 24 hours. Its trading volume has also risen by 53.7% to $6.79 billion. Binance’s BNB has also witnessed a 3.19% increase, reaching $221.72, consequently achieving a market capitalization of $33.63 billion, with a 3.21% rise.
The price of Solana (SOL) has risen by 4.03% to $30.81, although its trading volume has experienced a 25.03% decline to $897.84 million. Cardano (ADA) has seen a 2.45% increase to $0.2664 in the past 24 hours and has observed a price increment of over 7% in the last seven days.
Meme coins have also recorded substantial gains on the first day of the week, indicating the investors’ sustained confidence in this sector. The price of the largest meme coin, Dogecoin (DOGE), has increased by 2.07% to $0.06264 in the last 24 hours, accompanied by a trading volume of $198.92 million, which represents a 27.49% rise. As of now, the price of the second largest meme coin, Shiba Inu (SHIB), has also increased by 2.05% to $0.000007209.
The price hikes in Bitcoin and various altcoins have positively impacted the overall market capitalization, as anticipated. Over the past 24 hours, the total market cap has increased by 2.51% to $1.17 trillion, with a daily trading volume of $46.54 billion, indicating a 19.99% surge. Despite the current crypto fear and greed index signaling a “neutral” sentiment with a level of 55 among investors, it is gradually approaching the “greed” zone.
Highlights of the Day: Pepe (PEPE), Chainlink (LINK), Fantom (FTM), Aptos (APT)
Pepe (PEPE), a well-known meme coin, continues to attract investors, evident from its recent price surge. Over the past 24 hours, the price of PEPE coin has increased by 8.47%, reaching $0.0000007541. The trading volume has also experienced a significant rise of 40.07%, reaching $120.30 million.
Among the prominent altcoins, Chainlink (LINK) stands out as one of the altcoins that have witnessed substantial value appreciation in the last 24 hours. LINK’s price has surged by 14.7% and is currently being traded at $10.89. Additionally, the altcoin’s market capitalization and daily trading volume have both increased by 14.58% and 23.47% respectively, reaching $6.05 billion and $1.28 billion.
Another well-received altcoin, Fantom (FTM), has seen a notable price increase of 13.06% in the past 24 hours, currently trading at $0.2258. FTM’s trading volume has also grown by 26.29% to reach $82.99 million. Furthermore, Aptos (APT) is currently being traded at $6.17, reflecting an 8.75% increase over the past 24 hours.