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The cryptocurrency market is experiencing a consistent bull run today, with the total market cap hitting $2.86 trillion, an increase of 0.97% over the past 24 hours. Major cryptocurrencies like Bitcoin, Ethereum, and Solana have experienced upward momentum, while certain altcoins like BNB have experienced slight corrections.
Let’s explore the crypto market and today's movements to make informed decisions.
Bitcoin (BTC) is still the leading cryptocurrency, trading at $87,275.17. Bitcoin price rose 0.92% in the last 24 hours. The asset has a market capitalization of $1.73 trillion and a $29.03 billion trading volume within the last 24 hours. With a circulating supply of 19.84 million BTC, Bitcoin continues to solidify its position as a store of value as institutional adoption goes up.
Ethereum (ETH), the second-largest cryptocurrency by market cap, is trading at $2,052.12, up 0.31% over the past 24 hours. Ethereum's market capitalization is at $247.57 billion, with a 24-hour volume of $11.21 billion. With 120.64 million ETH currently in circulation, Ethereum remains the cornerstone of the decentralized finance and non-fungible token economies.
Stablecoins are still important for liquidity in the crypto space. Tether (USDT) is at $1.00, still pegged to the US dollar. It has a market cap of $144.04 billion and an enormous 24-hour volume of $57.48 billion, making it among the most actively traded digital assets. USDC, another top stablecoin, is at $0.9999, with a market cap of $60.16 billion and a 24-hour volume of $8.59 billion.
XRP has appreciated by 1.11%, moving its price to $2.44. The asset has a market cap of $142.40 billion and $2.69 billion in 24-hour trading volume. XRP's solid fundamentals and ongoing advancements in cross-border payments support its stability in the market.
Binance Coin (BNB) is trading at $629.79, down 1.55% in the past 24 hours. Despite the decline, BNB is a powerful asset, with a market capitalization of $89.72 billion and a trading volume of $2.16 billion. The token remains a dominant force in the Binance Smart Chain (BSC) ecosystem.
Solana (SOL) has risen by 2.56% to trade at $142.31. Its market cap is $72.78 billion and has a $3.42 billion trading volume. Solana's fast transaction times and increasing developer base still drive its DeFi and gaming adoption.
Dogecoin (DOGE) is the current best-performing asset among top cryptocurrencies, gaining 4.59% to hit $0.1911. The meme token has a market capitalization of $28.40 billion and a volume of $1.53 billion. With more investor attention and occasional support from the likes of Elon Musk, DOGE is still a retail investor favorite.
Cardano (ADA) has a current value of $0.7457, representing a 3.04% value increase in the past 24 hours. The market cap is valued at $26.28 billion, while its trading volume comes in at $1.05 billion. In contrast, TRON (TRX) registered a 1.08% increase and its current price sits at $0.2287. The market cap for TRX is valued at $21.73 billion while its trading volume is at $361.43 million.
The largest winner of the day is Shiba Inu (SHIB), which has seen its value increase by 9.28%, bringing its market capitalization to $8.66 billion. The 24-hour trading volume of SHIB has also increased to $268.32 million, a 21.88% jump. The supply of SHIB is 589.5 trillion, while its fully diluted valuation (FDV) is $8.66 billion.
The on the negative, Pi Network (PI) took the largest decline of the day, losing 10.35% over the past 24 hours. Market capitalization for PI has slipped to $5.58 billion, while the trading volume boosted by 34.22% to $264.03 million. The FDV for PI is $82.62 billion, with an overall and maximum supply of 100 billion PI.
With Bitcoin's strength at levels above $87K and Ethereum's stability above $2K, the crypto market as a whole is still bullish. With the total market capitalization standing at $2.86 trillion with a gain of 0.97%, investor confidence continues to increase. Altcoins such as Solana, Dogecoin, and Cardano also continue to deliver strong performance, which could trigger rallies in the next few days. Investors should keep close watch on trends in the market, since volatility is a major determinant in crypto trading.
