Bitcoin Maintains Momentum Above $74k, Raydium Surges as Dogecoin Stumbles

The cryptocurrency market has undergone a notable spike, rising 7.41% in the last 24 hours and raising the entire market capitalization to $2.46 trillion.

The cryptocurrency market experienced a significant upswing on Wednesday, with the total market capitalization rising by 7.41% over the past 24 hours, reaching $2.46 trillion. This rise was accompanied by a substantial increase in trading volumes, which surged by 128.03%, totaling $192.7 billion. The Fear & Greed Index also witnessed a rise, currently sitting at 62 and indicating “Greed,” which suggests that investors are leaning toward optimism as they navigate the current market conditions.

Bitcoin Maintains Momentum Above $74k!

Bitcoin's price rose by 0.67% over the past day, reaching $74,955.1. This upward movement indicates sustained buying interest within the trading community. However, the 24-hour trading volume for BTC showed a decrease of 34.28%, hinting at cautious profit-taking following the recent growth. Bitcoin's moderate pace may suggest that traders are waiting for clearer market signals before making large adjustments.

Curious about Bitcoin's outlook? Check out our Bitcoin Price Prediction for insights into BTC's potential path forward.

Ethereum Gains, Solana Stagnates, XRP Strengthens

Among Bitcoin's rivals, Ethereum performed notably, rising by 6.51% over the last day to reach $2,809.22. This sustained rise throughout a market rebound highlights ETH's resilience. In contrast, Solana's price experienced minimal movement, decreasing by 0.01% to $187.20, indicating consolidation. XRP continued its upward trend, rising by 2.53% to $0.5482, maintaining investor enthusiasm over its long-term prospects.

Explore our Ethereum Price Prediction to see where ETH could be heading next.

Top Gainers and Losers: Raydium Surges, Dogecoin Stumbles

Raydium emerged as the day's biggest gainer, surging by 22.14% to reach $4.69. This strong performance was followed by Ethena and Neiro, both recording significant growth of 19.99% and 17.13%, respectively. Among the top losers, Dogecoin dropped by 5.29% to $0.1921, while Popcat and Bittensor experienced declines of 4.93% and 2.78%, respectively.

Stay connected for more updates as the market sentiment continues to balance optimism with caution.

The above is the detailed content of Bitcoin Maintains Momentum Above $74k, Raydium Surges as Dogecoin Stumbles. For more information, please follow other related articles on the PHP Chinese website!