Public account: Lazy King Squirrel
The crypto world is in a frenzy, with BTC firmly holding the $98,000 stronghold, attracting attention. While some tokens are soaring, others seem to be cooling down. What is driving this trend? Let's take a closer look at what's happening in the market right now.
BTC Remains Firm at $98,000
BTC is the king, and it's showing why. BTC dominates 58.59% of the market, stabilizing at $98,550. Its recent low was $97,222, almost reaching $100,000, and reaching a high of $99,655. The market cap is massive - $1.95 trillion - with a daily trading volume of $76 billion.
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Interestingly, in just one day, 22.85 million BTC flowed out of 12 ETFs. This is a big deal! But the BlackRock data that many have been waiting for may add more twists to the story. For now, BTC seems calm, ready to charge forward, but it's not the only currency making waves.
XRP Soars, MEME Coins Fluctuate
XRP is the star of the day. It has risen 15% in 24 hours, trading at $1,566. Over the past month, it has surged 200%! With a market cap of $89 billion and a trading volume of $20 billion, it's clear that XRP is on a winning streak. At one point today, XRP even overtook BNB, occupying the fifth position on coinmarket cap. At the time, BNB's market cap was $90 billion, but XRP was leading it by $1 billion, only to fall back to the sixth position shortly after.
Meanwhile, MEME coins like Doge (DOGE) and Shiba Inu (SHIB) have seen mixed results. DOGE is up 9% to $0.42, and SHIB is trading at $0.00002698. Not bad, but not groundbreaking either. However, smaller coins like PEPE and BONK are struggling, with declines of up to 8%. This serves as a reminder that even as major currencies appear stable, MEME coins may still carry risks.
Expectations
BTC and ETH are holding steady, but the momentum of XRP may drive other Altcoins higher. By the way, ETH's performance is also decent, with a weekly gain of 7%, trading at $3,333. The market is generally bullish, but the release of ETF data from institutions like BlackRock may change the landscape. For now, the market is cautious yet excited.
