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The prices of cryptocurrencies have basically maintained an upward trend today, showing strong market momentum. Bitcoin (BTC) has reached an important milestone, reaching $99,000 for the first time. Ethereum (ETH) and Solana (SOL) have also surged by 9% and 12% respectively, while XRP has risen an amazing 25%. The global cryptocurrency market capitalization has jumped 6% to $3.26 trillion, with the total trading volume soaring 41% in the past 24 hours to $251 billion.
Bitcoin price today
Bitcoin has risen about 5% in the past 24 hours, currently trading at $98,683. The intraday low and high of the token were $94,457 and $99,414 respectively. BTC's market capitalization is $1.95 trillion, with a 24-hour trading volume of $106 billion, accounting for 59.53% of the market share, reflecting its continued strength in the crypto market.
Ethereum price today
The price of Ethereum has risen today, with strong support around $3,000, and it may break through $4,000 through the upcoming "golden cross". Over the past seven days, the Ether price has remained between $3,000 and $3,250, recently rising 9.65%, returning above the 50-day moving average and regaining a bullish trend. Market demand is strong, with multiple addresses purchasing 5.4 million ETH at an average price of $3,099. In addition, newly active whale addresses have cumulatively increased their holdings by more than 27,000 ETH. Technical analysis shows that the "golden cross" formation is about to be completed, which has often been accompanied by a significant upward trend in the past.
Ambush 3 cryptocurrencies with a rebound of up to 100 times!
1. ADA
After an impressive bull market, Cardano has attracted widespread attention. This performance indicates that retail and institutional traders have a higher interest in Cardano. Charles Hoskinson recently hinted that Cardano is collaborating with Ripple.
The chart shows that Cardano is breaking out of the consolidation phase, with its trading price currently well above its 50-day, 100-day, and 200-day simple moving averages. If the bullish sentiment holds, the 50-day SMA will become an important support. Cardano is currently in a healthy accumulation zone, with a Relative Strength Index (RSI) of 63.76 and a Money Flow Index (MFI) of 60.33, indicating that there is still inflow of funds.
2. PEPE
In the spring of 2023, the popularity of PEPE coin suddenly soared, with its market capitalization reaching a peak of $1.6 billion, making early investors millionaires overnight. This phenomenon has also been called the "beginning of the meme coin season", driving other meme coins to experience astonishing price fluctuations.
PEPE's roadmap includes listing on major exchanges and targeting the "meme coin conquest" goal. Although its future remains uncertain, with the Bitcoin halving revenue in 2024, the market generally expects that it may trigger a new growth bull market, which creates more potential growth space for PEPE.
3. DOGE
With Dogecoin breaking the $0.4 barrier, its attention has further increased. However, the breakout attempts within the channel are temporary, and the price has fallen back to the lower part of the channel. The higher distance from the upper resistance level indicates that the bulls may need additional momentum to continue the upward trend.
However, with an average directional index value of 22.92, the trend momentum is relatively weak. When the value is below 25, it usually means that we do not have a strong trend, and Dogecoin seems to be starting to consolidate or trend, rather than continuing a strong upward or downward trend. This is consistent with the resistance level being rejected and the attempt to support at $0.37.
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