Today’s Crypto Price: SHIB Leads with 9.28% Gain Against $2.86T Market Cap, Bitcoin at $87K
Today’s steady surge in the cryptocurrency market has seen the overall market capitalization reach $2.86 trillion, up 0.97% in the last day. While certain altcoins, including BNB, have had minor corrections, major cryptocurrencies like Bitcoin, Ethereum, and Solana have seen rising momentum.
Current Cryptocurrency Price
To make wise choices, let’s investigate the cryptocurrency market and current trends.
Bitcoin Breaks $87K: The Crypto King Is Still Strong
At $87,275.17, Bitcoin (BTC) remains the most popular cryptocurrency. The price of bitcoin increased by 0.92% over the previous day. The asset’s market value is $1.73 trillion, and in the past day, it has traded for $29.03 billion. With 19.84 million BTC in circulation, Bitcoin is firmly establishing itself as a store of value as institutional use increases.
Ethereum Holds Steady Above $2K
At $2,052.12, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has increased by 0.31% in the last day. Ethereum has a 24-hour volume of $11.21 billion and a market capitalization of $247.57 billion. Ethereum continues to be the mainstay of non-fungible token economies and decentralized finance, with 120.64 million ETH in circulation at the moment.
Tether and USDC Hold Peg are stablecoins.
In the cryptocurrency space, stablecoins continue to be crucial for liquidity. Still based on the US dollar, Tether (USDT) is now trading at $1.00. It is one of the most actively traded digital assets, with a market value of $144.04 billion and a staggering 24-hour volume of $57.48 billion. With a market value of $60.16 billion and a 24-hour volume of $8.59 billion, USDC, another well-known stablecoin, is currently trading at $0.9999.
XRP Demonstrates Resilience with 1.11% Appreciation
XRP has appreciated by 1.11%, moving its price to $2.44. The asset has a market cap of $142.40 billion and $2.69 billion in 24-hour trading volume. XRP’s solid fundamentals and ongoing advancements in cross-border payments support its stability in the market.
BNB Makes a Small Correction
The price of Binance Coin (BNB) is $629.79, down 1.55% over the last day. With a market valuation of $89.72 billion and a trading volume of $2.16 billion, BNB remains a potent asset despite the fall. The Binance Smart Chain (BSC) ecosystem is still dominated by the token.
Solana Rides High with a 2.56% Increase
Solana (SOL) is now trading at $142.31, up 2.56%. Its trade volume is $3.42 billion, and its market capitalization is $72.78 billion. Solana’s DeFi and gaming adoption is still fueled by its quick transaction speeds and growing developer community.
Biggest Loser of the Day: PI Falls Over 10%
Pi Network (PI), on the other hand, saw the biggest drop of the day, down 10.35% in the last day. While PI’s trading volume has climbed by 34.22% to $264.03 million, the company’s market capitalization has decreased to $5.58 billion. With a total and maximum supply of 100 billion PI, the FDV for PI is $82.62 billion.
Prospects for the Crypto Market
The entire cryptocurrency market remains bullish due to Ethereum’s stability above $2K and Bitcoin’s strength at levels above $87K. The market capitalization is now $2.86 trillion, up 0.97%, indicating that investor confidence is still rising. Altcoins like as Solana, Dogecoin, and Cardano also continue to provide great performance, which could drive rallies in the following few days.Given that volatility is a key factor in cryptocurrency trading, investors should closely monitor market trends.
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