Bitcoin and Ethereum Lead Altcoin Market Recovery: Top Gainers Revealed
The post Bitcoin and Ethereum Lead Altcoin Market Recovery: Top Gainers Revealed appeared on BitcoinEthereumNews.com.
The altcoin market shows signs of recovery after yesterday’s sharp decline. Bitcoin (BTC) has rebounded to over $65,000 after dropping to $64,000 within the last 24 hours. Notable gains were seen in Ethereum (ETH), Solana (SOL), XRP, Dogecoin (DOGE), and Shiba Inu (SHIB), with Lido DAO (LDO) and ENS leading the pack of gainers today. Discover the recent surge in altcoin prices and understand the underlying market dynamics. Altcoins on the Rise: Market Overview The global cryptocurrency market capitalization surged by 1.14% from the previous day, reaching $2.38 trillion. Despite this uptick, the total cryptocurrency market volume decreased by 5.64% and currently stands at $88.75 billion. Data from Farside Investors revealed that Bitcoin ETFs witnessed an outflow of $152.4 million, which contributed to BTC’s brief price decline. As of the time of writing, Bitcoin is trading at $65,468.75, a 0.09% increase from its 24-hour low of $64,066.96 and high of $65,805.83. Bitcoin’s Market Dominance and Ethereum’s Surge Bitcoin’s market dominance dipped by 0.63% from the previous day, settling at 54.24%, with a market cap of $1.29 trillion as of June 19. Ethereum, on the other hand, enjoyed a significant 3.41% increase, trading at $3,550.06, thus mainly navigating a green trading session. The token fluctuated between its 24-hour low of $3,374.02 and high of $3,555.94, amassing a market value of $435.22 billion. Mid-cap Altcoins Follow Suit Solana (SOL) exhibited a 4.26% rise to $141.12 within the last 24 hours, covering low and high levels of $130.67 and $140.31, respectively. Ripple’s XRP, backed by Ripple Labs, aligned with the broader market trend, climbing by 1.48% to $0.4971, touching lows and highs of $0.4773 and $0.5078, respectively. Notably, the $0.5 mark serves as a critical support level for the token. Meme Coins Continue to Rally Meme coins such as Dogecoin (DOGE) and Shiba…
Filed under: News - @ June 19, 2024 9:22 am