Cryptocurrencies Experience Green Surge
In the morning trade on Friday, major cryptocurrencies, including Bitcoin, saw an increase in their prices. CoinGlass data reveals that over $230 million in crypto were liquidated in the past 24 hours, with $43.2 million in Bitcoin long positions being liquidated alone. This surge comes despite the launch of spot Bitcoin ETFs in the US, which had trading volumes exceeding $1.5 billion on the first day.
Bitcoin’s price rose 0.2% to $46,185, with a market cap of $905 billion. However, trading volumes dropped nearly 15% to $43.8 billion in the last 24 hours. Ethereum also experienced an upward trend, climbing over 0.5% to $2,610 with a market cap of $313.8 billion.
Tether (USDT) price fell slightly to $0.99, BNB increased by 2% to $312.75, and Solana dropped below $100. XRP rose by 0.8%, while Avalanche (AVAX) increased by 2.2%. The global crypto market rose by almost 0.6% to $1.77 trillion, and the fear and greed index level indicated positive investor sentiment at 73.
Top 3 Cryptos For Today
Pepe Price Dips 4%
The price of Pepe Coin decreased by over 4% in the last 24 hours to $0.000001334, resulting in a market cap of $561 million. Trading volume also declined by more than 14% to $208 million.
SUI Price Jumps Over 18%
The SUI cryptocurrency experienced an impressive increase of over 18% in the last 24 hours. Currently, the SUI price is at $1.08, with a market cap of $1.19 billion. Trading volumes surged by a staggering 162% to $889.2 million.
Hot Take: Cryptocurrencies Witness Uptick in Prices Despite Liquidations and ETF Launch
Despite the liquidation of over $230 million in crypto assets and the launch of spot Bitcoin ETFs with significant trading volumes, major cryptocurrencies like Bitcoin and Ethereum saw an increase in their prices. Bitcoin rose by 0.2% to $46,185, while Ethereum climbed over 0.5% to $2,610. Other cryptocurrencies such as Tether, BNB, Solana, XRP, and Avalanche also experienced fluctuations in their prices. The global crypto market reached $1.77 trillion, reflecting positive investor sentiment. Overall, cryptocurrencies continue to attract attention and display resilience in the face of various market factors.
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