The Crypto Market Today
The last day has seen mixed movements in the cryptocurrency market, with just 8% of tracked cryptocurrencies showing positive changes. Theta Fuel emerged as the biggest gainer, marking a 10.80% increase. Conversely, Tellor experienced the most significant decline, with a 21.20% loss.
Top Gainers Today
Bitcoin (BTC-USD) led the rally by surpassing the $45,000 mark for the first time since April 2022, mainly due to the buzz around a spot Bitcoin exchange-traded funds (ETFs) series.
Internet Computer (ICP)
Internet Computerโs current price is $15.20, marking an 11.44% increase in the last day. It has a hefty trading volume of $1.72 billion and a market value of $6.91 billion, indicating substantial market influence at around 0.40%.
Arbitrum (ARB)
Arbitrum displayed a 5.30% increase in the last 24 hours and high liquidity, with a market cap of $2.38B. It maintained a 0.14% market dominance. The coin traded above the 200-day simple moving average and experienced 15 positive days out of the last 30, showcasing stability and sustained positive movement.
Bitget Token (BGB)
Bitget Tokenโs 4.20% surge in the last 24 hours and 244% growth over the year place it among the top gainers, with a market capitalization of $876.11M. It consistently trades above the 200-day simple moving average, denoting technical stability.
Maker (MKR)
With a 5.13% increase in the last 24 hours, Maker currently trades at $1,747.18 with a market cap of $1.61B. It holds a 0.10% market dominance and a substantial 239% increase in price over the past year.
Lido DAO (LDO)
Lido DAOโs $3.21 price and 3.86% increase in the past 24 hours indicate its significant performance. It shows positive stability and performance, with the Fear & Greed Index reading at 70 (Greed).
Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix stands out due to its unique cloud mining credit staking model. Garnering substantial attention, the staking pool accumulated over 400,000 BTCMTX tokens, indicating market interest in its distinctive staking mechanism.
Sei (SEI)
Currently priced at $0.752970, Sei recorded a marginal 0.44% price increase over the last 24 hours. It possesses a market cap of $1.73B and a market dominance of 0.11%. The Fear & Greed Index reading at 70 reflects bullish market sentiment surrounding Sei.
Hot Take
The last 24 hours saw varied movements in the cryptocurrency market. Theta Fuel emerged as the top gainer, while Tellor experienced the most significant decline. Bitcoin led the rally, surpassing the $45,000 mark. The unique cloud mining credit staking model introduced by Bitcoin Minetrix garnered substantial attention.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
