Cryptocurrency Market Bitcoin (BTC) continues to create significant optimism as it surpasses the $64,000 threshold. Similarly, Ethereum (ETH) has exceeded $3,400, showing relentless growth, while other major altcoins are also experiencing positive price movements. The global cryptocurrency market value has shown a notable increase of 3.46% in the last 24 hours, reaching $2.37 trillion. Additionally, the total market volume rose by 45.47% to $84.28 billion, reflecting increased trading activities and growing investor confidence in the market.
Current Status of Bitcoin’s Price
Bitcoin experienced a significant increase of 3.48% in the last 24 hours, reaching up to $65,000. The lowest level for the largest cryptocurrency in the last 24 hours was $62,340, while the highest level was $64,888. This impressive growth is attributed to continued inflows into spot Bitcoin ETFs, with data from Soso Value showing $301.4 million inflows into ETFs as of July 15.
Despite this growth, Bitcoin’s dominance slightly decreased to 53.82%, indicating that altcoins are also starting to gain attention. The announcement by Japanese Metaplanet of purchasing an additional 21.8 BTC for 200 million Japanese yen also contributed to Bitcoin’s rise.
Current Status of Leading Altcoins
The largest altcoin Ethereum gained 4.19% in the last 24 hours, reaching $3,462. The lowest and highest values for the altcoin king in the last 24 hours were $3,323 and $3,498, respectively. Recent data from Kaiko suggests that Ethereum could outperform Bitcoin following the approval of a spot ETF, further increasing market optimism around ETH.
Leading altcoin Solana (SOL) also showed positive movement, with its price rising by 4.16% to $158. The lowest price for SOL in the last 24 hours was $150, while the highest price was $159.
Ripple’s XRP showed unprecedented growth, rising by 7.73% to $0.5675. The lowest price for XRP in the last 24 hours was $0.5241, while the highest price was $0.5678, indicating strong investor interest and confidence.
The largest memecoin Dogecoin (DOGE) rose by 6.49% in the last 24 hours to $0.1254, while Shiba Inu (SHIB) rose by 9.91% to $0.00001988. Both memecoins continue to attract market interest and investor enthusiasm.
Among the top-gaining altcoins of the day, Pepe coin (PEPE) rose by 25.40% to $0.0000122, dogwifhat (WIF) rose by 22.57% to $2.18, and Floki Inu (FLOKI) rose by 22.41% to $0.0001884. Brett (BRETT) also saw a significant increase of 19.87%, rising to $0.147.
In contrast, TRON (TRX) fell by 1.61% to $0.136, Aave (AAVE) fell by 0.78% to $103.82, Polkadot (DOT) fell by 0.57% to $6.48, and Immutable (IMX) fell by 0.38% to $1.49.
