Today's Market Update:
- *Bitcoin (BTC) Price*: $113,351.51, down 1.44% in the last 24 hours. BTC's market capitalization stands at $2.26 trillion.
- *Ethereum (ETH) Price*: $4,740.24, down 1% intraday. However, ETH has gained 9.83% over the past week and 26.70% in the last month. Its market cap is $574.36 billion.
Trending Cryptocurrencies:
- *Solana (SOL)*: $209.93, up 0.42% intraday. SOL has gained 14.69% in the past week and 13.59% over the last 30 days.
- *Cardano (ADA)*: $0.9176, up 0.28% intraday. ADA has declined 0.68% weekly but surged 12.02% over the past month.
- *XRP*: $3.04, slightly lower by 0.50% in the last 24 hours. XRP has dipped 0.81% over the past week and 3.83% in the last 30 days.
Market Trends
- *Institutional Demand*: Bitcoin spot ETFs extended outflows for the sixth consecutive day, with weekly total net outflows averaging $1.17 billion.
- *Whale Movement*: An $11 billion Bitcoin whale bought $108 million in spot Ether, signaling confidence in ETH's upward potential.
Another whale sold $2.6 billion in Bitcoin for Ethereum, causing a price drop and boosting Hyperliquid's trading volume.
- *Crypto Market Sentiment*: The market is showing mixed signals, with some cryptocurrencies experiencing price drops while others see gains.
The total market capitalization has shed around 1% in the last 24 hours, with over $550 million in liquidations.
