The crypto market has stayed strong this week, with Bitcoin and many other coins reaching new highs. After hitting those levels, prices have mostly stayed steady. This means that buyers are still active and the market is staying positive, possibly awaiting another rally.
Even Bitcoin is showing strength by holding steady around the $118,000 level. At the time of writing, BTC price was at $118,637.11, which is only a minor 1% drop in the past 24 hours. However, altcoins are now taking the lead in the market currently, as some records modest gains in the last 24 hours
Altcoins Take the Spotlight with Strong Gains
At the time of writing this report, XRP is trading for $3.25. This is an 8.92% gain in over 24 hours from an intraday low of $2.98. Meanwhile, the token has been doing amazingly well over the past couple of days, with about a 33% surge in just 7 days.
Ripple XRP Price Chart |Source: CoinMarketCap
Today’s surge is all thanks to a 116% surge in trading activity over the same period. This gave about $14.5 billion in trading volume to an 8.6% increase in its market cap.
Cardano (ADA) is another token with a significant surge today. It’s up 7% and now trades for $0.8019 from a daily low of $0.74025. Trading activity is also high with 99.42$ recorded today alone, to a $2.44 billion in volume. This led to 5% in its market cap, which now sits at $28.31.
Cardano (ADA) Price Chart | Source: CoinMarketCap
Ethereum (ETH) has also recorded 5.91% over the same period. Right now, it’s trading for $3,421. This is from a daily low of $3,247 from the start of the day. Moveover, trading activity is also doing well with a 36% surge in intraday volume to $51.84 billion. Its market cap is now above $413 billion, up 5.6% over the same period.
Trending Crypto Today
- XRP (XRP)
- Ethereum (ETH)
- Cardano (ADA
- BNB (BNB)
- Solana (SOL)
- Metaplex (MPLX)
Top Gainers & Losers Today
| Gainers | Losers |
| FLOKI (FLOKI): +25.28% | Pump.fun (PUMP): -14.43% |
| Fartcoin (FARTCOIN): +19.71% | Pudgy Penguins (PENGU): -8.61% |
| Curve DAO Token (CRV): +17.61% | SPX6900 (SPX): -5.00% |
| DeepBook Protocol (DEEP): +7.85% | Uniswap (UNI): -4.08% |
Crypto Market Cap Overview
The overall crypto market valuation is at $3.81 trillion at the time of writing. Trading activity has also surged by 18% in volume, with $215 billion confirmed in 24 hours, based on data from CoinMarketCap.
The Fear and Greed Index is at 70, which means traders are feeling greedy. A high greed score usually suggests strong buying interest, but it can also be a warning that the market might be overheating. On the other hand, the Altcoin Season Index is at 37 out of 100, which shows that it’s still mostly a Bitcoin-driven market. Altcoins are seeing growth, but Bitcoin remains in control.
Meanwhile, a total of 144,794 traders were liquidated in the last 24 hours, according to data from Coinglass. This means their positions were forcefully closed because of the volatility in price change. The total liquidation value reached $529.44 million. Out of this, $229.67 million came from traders who were betting on the market to go up, and $299.77 million came from those who expected prices to fall.
Also Read: ADA Nears $1: Can Cardano Break Through Key Resistance This Week?
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