Cryptocurrency prices today initiated a notably optimistic volatility across the broader ecosystem. Bitcoin (BTC) gained significant upward momentum, approaching $71,000. Altcoins like Ethereum (ETH), Solana (SOL), XRP, and others followed this upward momentum, with Toncoin (TON) being among the top gainers of the day.
Rise in FLOKI
The meme token sector also recorded a notable recovery, with Floki Inu (FLOKI) being one of the top gainers. Despite some volatility, the total cryptocurrency market value showed resilience, rising by 1.63% to $2.61 trillion today. However, the total cryptocurrency volume fell by 2.26% to $82.13 billion.
The leading cryptocurrency, Bitcoin (BTC), made a significant move with its price increasing by 2.27% in the last 24 hours. Currently valued at $70,822.92, its daily low and high values are $68,564.64 and $71,247.57, respectively. This notable increase comes in the backdrop of over $600 million inflow into Bitcoin ETFs recorded on June 4th, according to Farside Investors’ data. However, despite the recent approval of the BTC ETF in Thailand, the token couldn’t sustain a breakout above $71,000, sparking investor speculation.
Current Status of Major Cryptos
ETH, the second-largest by market value, rose by 0.89% in the last 24 hours to $3,808.51. Its lowest and highest levels in the last 24 hours are $3,743.29 and $3,839.72, respectively. The leading smart contract platform Ethereum has a market value of $457.45 billion. Meanwhile, SOL rose by 4.52% in the last 24 hours to $173.46.
The token’s 24-hour low and high levels are $164.52 and $174.78, respectively. Another closely watched cryptocurrency, XRP, gained 1.07% yesterday, staying at $0.5263. The Ripple Labs-backed token’s 24-hour low and high levels are $0.5185 and $0.53, respectively. Additionally, $0.53 serves as a significant resistance level for XRP.
