Here's an update on the current crypto market:
*Top Cryptocurrencies:*
- *Bitcoin (BTC)*: Trading around $107,239.51, with a 0.09% increase, and a market capitalization of $2.13 trillion. Currently, BTC is hovering near $108,000, showing continued institutional interest and ETF-driven strength.
- *Ethereum (ETH)*: Priced at approximately $2,445, reflecting a modest 1.32% decline over the past 24 hours. ETH is testing the $2,460 resistance level, fueled by DeFi activity and ETF optimism ¹ ² ³.
*Other Notable Cryptocurrencies:*
- *Chainlink (LINK)*: Trading at $13.29, down 0.3% in the past 24 hours, but showing bullish sentiment due to increasing demand for decentralized oracle solutions.
- *TRON (TRX)*: Trading around $0.2736, up 0.37% in the last 24 hours, reflecting steady growth in its ecosystem.
- *Dogecoin (DOGE)*: Trading near $0.1654, up about 0.5% in the last 24 hours, driven by social media momentum and celebrity endorsements.
- *Shiba Inu (SHIB)* and *Kishu Inu (KISHU)*: Showing volatility, with KISHU trading at $0.00000000008145, down 2.06% over the past 24 hours ² ³.
*Market Trends:*
- The global cryptocurrency market capitalization stands at approximately $3.28 trillion, reflecting a slight 0.81% decline over the past 24 hours.
- Institutional interest and ETF inflows continue to support the market, with expectations of favorable monetary policy shifts from the U.S. Federal Reserve.
- A potential rate cut could further fuel bullish momentum across digital assets ³.