Today, the cryptocurrency market witnessed a strong surge, boosting global confidence among users. Bitcoin (BTC) $89,403 has surpassed the $81,000 mark, reaching a new trading level. Other major cryptocurrencies, including Ethereum (ETH) $3,134, Solana $216 (SOL), and XRP, gained between 3% and 11%, delighting users. Notably, Dogecoin $0.396005 (DOGE) stood out as the day’s top-performing meme coin.
Overall Market Situation
The global cryptocurrency market capitalization increased by 1.86% in the last 24 hours, reaching $2.65 trillion. The total market volume also rose by 19.50%, climbing to $149.31 billion. This scenario indicates that user interest in cryptocurrencies remains strong.
Notable Cryptocurrencies
Bitcoin experienced a 5% increase in the last 24 hours, trading at $81,437. Ethereum reached $3,198 with a 3% rise. Solana and XRP gained 4% and 4.5%, respectively, sending positive signals to users.
Prominent analyst Ali Martinez commented, “The new peak of Bitcoin has not yet been fully realized.”
Activity in Memecoins
Dogecoin surged by 29%, reaching $0.2941 and maintaining its lead among meme coins. Shiba Inu (SHIB) rose by 19% to $0.00002654. Other popular meme coins like PEPE, WIF, and BONK also increased by between 11% and 23%.
Cronos (CRO) reached $0.1339 with a 26% increase. WIF climbed 23% to $3.09, while FLOKI gained 21%, reaching $0.0001816. In contrast, some altcoins like Raydium, Helium, and Aave experienced declines; Raydium and Helium fell by 4%, and Aave lost 3%.
Short-Term Indicators
According to the latest hourly data, Bitcoin increased by 0.42%, while Ethereum showed a slight decline of 0.3%. There are opinions suggesting that this upward trend in the market could signal the onset of a major bullish market.
Cryptocurrency markets are drawing attention with rising trends and increasing trading volumes.