Cryptocurrency Market Update: Bitcoin (BTC) Surpasses $70,000 Mark, Top Gainers and Losers, Market Analysis
Bitcoin (BTC) Surpasses $70,000 Mark, Altcoins in Green: Market Update
In a surprising turn of events, Bitcoin (BTC) managed to rise above the $70,000 mark early Thursday after a day of slump. This surge in price also had a positive impact on other popular altcoins such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), all of which landed in the greens across the board.
According to CoinMarketCap data, the overall Market Fear & Greed Index stood at 76 (Greed) out of 100, indicating a positive sentiment in the market. The global crypto market cap also saw a 24-hour gain of 1.33 percent, reaching $2.64 trillion at the time of writing.
The biggest gainer of the day was the JasmyCoin (JASMY) token, with a remarkable 24-hour jump of over 16 percent. On the other hand, Uniswap (UNI) emerged as the biggest loser, experiencing a 24-hour dip of over 16 percent.
Here are the current prices of some of the top cryptocurrencies:
– Bitcoin (BTC) Price: $70,752.14
– Ethereum (ETH) Price: $3,581.39
– Dogecoin (DOGE) Price: $0.197
– Litecoin (LTC) Price: $97.70
– Ripple (XRP) Price: $0.6172
– Solana (SOL) Price: $174.14
In terms of top gainers and losers in the past 24 hours, JasmyCoin (JASMY), Neo (NEO), and Helium (HNT) were among the top gainers, while Uniswap (UNI), Nervox Network (CKB), and Core (CORE) were among the top losers.
Crypto exchanges have also weighed in on the current market scenario. The CoinSwitch Markets Desk noted that Bitcoin has found a new base around $70k and is showing strength, while the CoinDCX Research Team mentioned that the market experienced volatility following the announcement of higher-than-expected CPI data.
Overall, the crypto market seems to be on an upward trend, with Bitcoin leading the way. However, readers are advised to exercise caution and seek expert advice before making any investment in cryptocurrencies due to their highly risky and speculative nature.
