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markets have largely priced in a high probability of a rate cut, the risk lies in stronger-than-expected data triggering short-term selling pressure. For crypto, shifting rate expectations remain the key driver,” say Bitunix analysts.
Journalist
Sead Fadilpašić
Last updated:
8 hours ago
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The crypto market is up today, and some 90 of the top 100 coins have turned green over the past 24 hours. Overall, the cryptocurrency market capitalization has increased by 1.3%, now standing at $3.96 trillion. At the same time, the total crypto trading volume is at $122 billion.
TLDR:
The crypto market shot up on Friday;
About 90 of the top 100 coins have turned green today;
All – but one – of the top 10 coins have appreciated today, with very minor increases;
$BTC leads the top 10 with 1.9% to $110,467, and ETH rose 0.3% to $4,374;
’In the near term, ETH traders should closely watch the 4,250 support and the 4,500 resistance’;
’BTC is now moving in step with gold’;
US BTC spot ETFs recorded inflows of $301.32 million, while US ETH ETFs saw outflows of $38.24 million;
’Institutions are looking ahead to putting their Bitcoin reserves to work’;
Crypto sentiment exits the fear zone, but caution still reigns.
Crypto Winners & Losers
At the time of writing, all the top 10 coins per market capitalization have increased over the past 24 hours, except for one. Still, all increases are rather small, below 0.5%, meaning that the prices have remained largely the same.
Bitcoin (BTC) appreciated 1.9% at the time of writing, now trading at $112,672. This is the highest increase on this specific list.
At the same time, Ethereum ($ETH ) is up 0.3%, meaning that it’s largely unchanged in a day, now trading at $4,374.
$XRP (XRP) recorded the smallest rise of 0.2%, now changing hands at $2.83.
The only coin in this category to record a (minor) drop is Tron (TRX). It fell 0.4%, now standing at
