updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131Crypto prices today show bullish momentum, with Bitcoin (BTC) reclaiming the $97,000 mark. The top 20 coins by market cap traded in the green, showing positive trends across the board. DeXe (DEXE) became the top gainer, surging 30% over the last 24 hours. SPX6900 (SPX) followed closely, rising by 27%, while Fartcoin recorded a 25% jump, making it one of the top gainers today.
The global crypto market cap rose by approximately 2%, reaching $3.41 trillion. Trading volumes also grew by 30%, hitting $121 billion in the past 24 hours. The Fear and Greed Index currently stands at 57, indicating a neutral sentiment among investors.
Bitcoin’s recent rally has sparked renewed optimism, with most altcoins gaining momentum. Adding to the bullish sentiment, “Rich Dad Poor Dad” author Robert Kiyosaki predicted Bitcoin’s price could reach $175K to $350K this year. The overall market sentiment remains stable as traders await further movements in the crypto prices today.
BTC price was trading at $97,059, reflecting a 2% rise in the last 24 hours. Its 24-hour low and high were $94,828 and $97,830, respectively. The trading volume surged by 56%, reaching $43 billion. Bitcoin’s market dominance stood at 56.24%.
According to SoSo Value data, Bitcoin ETFs saw an inflow of $90 million on Thursday. Bitwise led the inflow with $48 million, followed by Fidelity with $36 million and ARK & 21Shares contributing $16 million.
Ethereum (ETH) price was trading at $3,460, showing a 2% gain in the last 24 hours. Its 24-hour low and high were $3,385 and $3,496, respectively. Ethereum’s market cap stands at $416 billion, with a trading volume of $20 billion in the past 24 hours.
Ethereum ETF experienced an outflow of $77 million, marking one of the largest outflows in the past 10 days. Bitwise sold $56 million in the ETF, while Grayscale offloaded $21 million. Data from BlackRock is still awaited. Crypto prices today reflect a mixed sentiment in the market as ETH faces ETF outflows.
XRP was trading at $2.454, reflecting a 1.5% increase from the previous day. Its 24-hour low and high were $2.345 and $2.458, respectively. The trading volume dropped by 30%, now at $6.87 billion.
Ripple’s Director of MENA region predicts that 2025 will see significant advancements in stablecoin utility, tokenization, and blockchain in banking, which will reshape regional finance.
Solana (SOL) price was trading at $206, showing a 4% surge in the last 24 hours. Its 24-hour low and high were $197 and $209, respectively. Crypto prices today reflect a positive trend for Solana, contributing to the overall bullish sentiment in the market.
DEXE price surged by 30%, trading at $19.34. Its 24-hour low and high were $14.96 and $21.20, respectively. It became the top gainer for today. The market cap stands at $1.11 billion, with a trading volume of $72 million. Crypto prices today reflect strong momentum for DEXE as it leads the market in gains.
SPX price was up by 27%, now trading at $1.20. Its 24-hour low and high were $0.93 and $1.22, respectively.
FARTCOIN price surged by 25%, trading at $1.344. Its 24-hour low and high were $1.09 and $1.45, respectively. This Solana AI memecoin, Fartcoin hit a new all-time high reflecting strong momentum in the crypto market today.
VIRTUAL price was down by 8%, trading at $4.46. Its 24-hour low and high were $4.38 and $5.07, respectively. According to Coingape analysis, crypto prices today indicate that VIRTUAL could face a 25% crash in the near future, suggesting potential downward pressure on the token.
HYPE price was down by 7%, currently trading at $24. Its 24-hour low and high were $22.67 and $26.46, respectively.
XDC Network (XDC) and Pudgy Penguins (PENGU) both saw a decline of 4-5% in the last 24 hours. The downturn reflects some pressure in the market, with both tokens experiencing a slight pullback.
Besides this, Top meme coins also showed positive gains, with major meme coins up by 2-5% in the last 24 hours. The hourly chart for Bitcoin (BTC) and major altcoins also reflects positive momentum, with most coins in the green over the past hour. Crypto prices today are indicating strong short-term gains, contributing to an overall optimistic market sentiment.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Grayscale Bitcoin Trust (GBTC) experienced a notable surge of 5% in premarket trading on Monday, marking a significant milestone with its first day of inflow since January. This influx of investment represents a pivotal moment for GBTC, which underwent a transition from a trust to an easily tradable ETF earlier in the year.
The trust had previously faced substantial withdrawals totaling $17.46 billion, primarily attributed to its comparatively higher fees in contrast to other options available to investors. Additionally, outflows were linked to a wave of bankruptcies within the cryptocurrency industry over the past two years, as companies sought to liquidate assets to repay creditors.
GBTC’s impressive surge in premarket trading on Monday was further bolstered by a substantial inflow of $63 million on Friday, according to reports from investment management firm Farside Investors. This surge in investment propelled GBTC’s assets under management (AUM) to $18.08 billion, solidifying its position within the market. However, GBTC faces formidable competition from BlackRock’s iShares Bitcoin Trust (IBIT.O), which manages $16.91 billion in assets, according to data available on its official website.
In response to competitive pressures, Grayscale announced plans in March to pursue approval from the Securities and Exchange Commission (SEC) for the creation of a new, lower-fee Bitcoin Mini Trust. While this initiative aims to enhance GBTC’s competitiveness and appeal to investors, specifics regarding the fees of the Mini Trust are yet to be finalized pending SEC approval. Nonetheless, GBTC’s recent performance and strategic initiatives position it as a key player in the evolving landscape of cryptocurrency investment.
Also Read: Binance To Remove This BTC, ETH, & USDT Pair, Here’s All
The approval of spot bitcoin ETFs by the Securities and Exchange Commission (SEC) in January marked a significant milestone for the cryptocurrency market, offering investors exposure to bitcoin without direct asset ownership. The first week of May witnessed a surge in bullish momentum, highlighted by Bitcoin’s remarkable recovery from $56,500 to $65,223. This resurgence in Bitcoin’s price has had a ripple effect across the broader crypto market, fueling optimism and driving renewed interest from investors.
Notably, increased buying interest in US-listed Bitcoin ETFs has played a pivotal role in sustaining the rally and catalyzing the recovery of the altcoin market from previous losses. With Bitcoin surpassing key resistance levels and demonstrating sustained upward momentum, market sentiment is gradually improving, signaling potential for the anticipated post-halving rally.
Also Read: XRP Lawsuit: Whale Moves 28M Coins Ahead SEC’s Reply Brief Deadline
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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