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The cryptocurrency market started the new week positively, as evidenced by the jumps made by many altcoins, especially Bitcoin (BTC). The overall rise in the market shows that market participants have put aside their concerns about geopolitical issues and other macroeconomic problems. In particular, Federal Reserve Chairman Jerome Powell’s signal of a pause in the interest rate hike cycle has also helped the rise in the market. Here is the latest update on the biggest cryptocurrency BTC and other altcoins, especially the largest altcoin Ethereum (ETH).
Latest Update on Bitcoin and Various Altcoins
Bitcoin is currently trading at $30,675, with a 2.19% increase in the past 24 hours. The trading volume of the largest cryptocurrency has also increased by 19.18% to $14.9 billion during the same period. Furthermore, data suggests that BTC’s price has increased by 10.12% in the past 7 days.
The largest altcoin Ethereum is trading at $1,682, with a 2.43% increase in the past 24 hours. Its trading volume has also increased by 53.7% to $6.79 billion. Binance‘s BNB has also increased by 3.19% to $221.72, reaching a market cap of $33.63 billion, with a 3.21% increase.
The price of Solana (SOL) has increased by 4.03% to $30.81, while its trading volume has decreased by 25.03% to $897.84 million. Cardano (ADA) has increased by 2.45% to $0.2664 in the past 24 hours and has seen a price increase of over 7% in the past seven days.
Meme coins have also recorded significant gains on the first day of the week, showing that investors maintain their confidence in this area. The price of the largest meme coin Dogecoin (DOGE) has increased by 2.07% to $0.06264 in the past 24 hours, with a trading volume of $198.92 million, a 27.49% increase. The price of the second largest meme coin Shiba Inu (SHIB) has also increased by 2.05% to $0.000007209 at the time of writing.
The price increases in Bitcoin and various altcoins have also positively affected the total market capitalization, as expected. The total market cap has increased by 2.51% to $1.17 trillion in the past 24 hours, with a daily trading volume of $46.54 billion, a 19.99% increase. Although the crypto fear and greed index currently indicates a “neutral” signal at a level of 55 in terms of investor sentiment, it is steadily moving towards the “greed” zone.
Highlights of the Day: Pepe (PEPE), Chainlink (LINK), Fantom (FTM), Aptos (APT)
Popular meme coin Pepe (PEPE) continues to attract investors, as can be seen from its recent price increase. The price of PEPE coin has increased by 8.47% in the past 24 hours, reaching $0.0000007541, with a trading volume of $120.30 million, a 40.07% increase.
Among the popular altcoins, Chainlink (LINK) is among the altcoins that have gained the most value in the past 24 hours. LINK’s price has increased by 14.7% in the past 24 hours and is currently trading at $10.89. In addition, the altcoin’s market cap and daily trading volume have increased by 14.58% and 23.47% respectively, reaching $6.05 billion and $1.28 billion.
Another popular altcoin, Fantom (FTM), has seen a 13.06% increase in its price, trading at $0.2258 in the past 24 hours. FTM’s trading volume has also increased by 26.29% to $82.99 million. Furthermore, Aptos (APT) is currently trading at $6.17, with an 8.75% increase in the past 24 hours.
