In line with the rekindled confidence in the global markets, Bitcoin and other crypto tokens were trading with respectable gains on Thursday. Gains in cryptocurrencies tracked a significant upward movement in traditional markets. In the previous day, the cryptocurrency market has improved. The cryptocurrency fear and greed index has come down some points from yesterday, scoring 35/100 and still being in the fear zone.
Bitcoin’s (BTC) price, was quite bearish today and was still below the $30,000 threshold at $26,422.6, and up by around 1.63% since yesterday. Other well-known altcoins, Cardano (ADA), Polkadot (DOT), and Solana (SOL), also experienced gains on the other side of the border.
Ethereum is trading at $1,674.5, with almost 2.31% increase in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a rise of 1.80%. Solana also faced gains, with its price increasing by 6.33%. On the other hand, Polygon (MATIC), which traded on red lines a few days back, is up by 1.30% since the last day. Polkadot coin price saw an increase of almost 2.53% in one day.
The realm of meme cryptocurrencies tells a different story. In the past 24 hours, Dogecoin’s price witnessed an increase of around 1.74%, while Shiba Inu’s token price is up by almost 1.69%, in the last 24 hours.
The crypto market today is primarily bullish with few exceptions. The global crypto market cap stands at $1.07 trillion. The 24-hour crypto market volume is $33.59 billion, with a more than 2.18% decrease.
Pepe coin price is up by more than 3% in the last 24 hours. It is trading at $0.000001098, at the time of writing. It holds a global market cap of $430.33 million. Due to the enthusiasm around Memecoin PEPE on X (Twitter) and other social media, it appears to be gaining ground once more.
DYDX cryptocurrency is up by more than 10% in the last 24 hours. Its price is trading at $2.18, at the time of writing. It holds a global market cap of $341,693,777. The favorable perspectives and attitudes of traders and investors about DYDX crypto in the daily time frame are highlighted by the DYDX cryptocurrency price prediction. DYDX price action at the time of publication shows a bullish outlook.
Also Read: Bitcoin Whales Back in Action, Did Robinhood Buy $3B Worth of BTC?
The price of Immutable (IMX) token is up by more than 7% in the last 24 hours. Its price is trading at $0.6074. It holds a global market cap of $682,419,342. The targets of $0.8388 and $1.0863 may be reached if the IMX price rises and breaks out of the pattern while remaining at the present market price level.
The price of the Monero (XMR) token is down by more than 3% in the last 24 hours. Its price is trading at $139.85. It holds a global market cap of $2,561,889,442. However, XMR has faced a number of challenges, particularly in relation to legislative measures aimed against coins with a focus on privacy.
Also Read: Bitstamp to Stop ETH Staking In US Amid SEC Crackdown
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