Crypto prices have significant bullish momentum today, with Bitcoin (BTC) nearing the $57K level. Leading altcoins also followed this move, boosting market optimization.
A Big Jump in Bitcoin Price
The price of Bitcoin (BTC) has made a significant turnaround from its recent downtrend. BTC briefly crossed the $58,000 level in the last 24 hours. Currently, the BTC price is trading at $56,895.42, which represents an increase of 3.53 percent since yesterday. Bitcoin’s lowest and highest prices in 24 hours were recorded at $54,891.63 and $58,131.34, respectively.
Bitcoin’s market dominance fell 0.43 percent to 54.54 percent, indicating a possible shift towards the altcoin market. BTC’s market capitalization stands at $1.12 trillion.
Ethereum Price and ETF Developments
Ethereum (ETH) price is trading at $ 3,051.78, up 5.90 percent in the last 24 hours. ETH’s daily lows and highs were recorded at $2,877.20 and $3,090.66, respectively. This rise is due to optimism in anticipation of the imminent launch of ETH ETFs.
Grayscale Investments announced the initial issue and distribution dates of the new Grayscale Ethereum Mini Trust shares. At the same time, 21Shares filed an updated supplemental form S-1 for a spot ETH ETF.
Solana and the Rise in XRP Prices
Solana (SOL) has increased by a significant 6.92 percent in the last 24 hours, reaching 140.06 dollars. Solana’s daily lows and highs were recorded at $130.07 and $141.63, respectively. In a significant development, Cboe filed forms 21b-19 for the spot Solana ETF on behalf of 4Shares and VanEck. This is seen as a promising step for the future token economy.
XRP reached $0.4334, up 4.57 percent. This asset, backed by Ripple Labs, recorded daily lows and highs of $0.4142 and $0.4421, respectively.
Other Important Crypto Prices
Dogecoin (DOGE) traded at $0.1081 today, up 0.13 percent, while Shiba Inu (SHIB) reached $0.00001641, up 5.62 percent. Cryptocurrencies such as BONK and PEPE showed impressive gains, making the list of top gainers.
These Cryptocurrencies Soared as the Bitcoin Price Soared
- Celestia (TIA) rose 20.28 percent to $ 6.18.
- Bonk (BONK) rose 19.49 percent to $0.00002494.
- Pepe coin (PEPE) increased 13.08 percent to $0.000009383.
- Ethena (ENA) rose 12.62 percent to $0.4076.
These Altcoins Decline as Bitcoin Price Rises
- JasmyCoin (JASMY) fell 3.21 percent to $0.02279.
- Avalanche (AVAX) fell 0.99 percent to $ 25.29.
- Tether Gold (XAUt) fell 0.78 percent to $2,365.60.
Finally, hourly charts show BTC and ETH facing some obstacles, suggesting potential volatility in the coming days. As we at Kriptokoin.com have reported, it is important for traders looking to trade in volatile markets to do their own research and exercise caution.
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