Monday, July 1, 2024 – The cryptocurrency market kicks off the week on a positive note following a period of calm. Most currencies remain steady, but the standout performer is Bitcoin, which has surpassed the US$63 mark.
As of now, the price of BTC stands at US$63,400, marking a 5% increase in the past 24 hours. Bitcoin continues to dominate the global cryptocurrency market with a 50.8% share, while Ethereum holds around 17%.
In a similar vein, most major altcoins are displaying a bullish outlook. Solana is trading at approximately $147.32, representing a 6% increase.
Meanwhile, Ethereum is trading near US$3,500, experiencing a 4% surge. Its movement may be influenced by the potential approval of Ethereum ETFs by the SEC in the United States. Contrary to expectations, these ETFs will not be operational on July 4th as previously speculated. The exact timeline for their launch remains uncertain, pending the SEC’s deadline for final filings.
Among the altcoins, most large-cap coins remain stable. However, Ethereum Name Service (ENS), LayerZero (ZRO), dogwifhat (WIF), BEAM, and Ethena (ENA) have witnessed an increase of over 10% in the past 24 hours.
Additionally, Pepe Coin (PEPE) is trading at around $0.00001208, showing an almost 10% rise. Memecoins SHIB and DOGE have performed modestly, with nearly a 5% increase in the past 24 hours.
Overall, the market maintains a neutral stance, although sentiment has significantly improved since the last survey, as indicated by the Crypto Fear and Greed index, currently sitting at 53 points.
Disclaimer: The opinions expressed in this article, whether by the author or anyone mentioned, are solely for informational purposes and should not be considered as financial or investment advice. Investing or trading cryptocurrencies carries the risk of potential financial loss.
Editor’s Choice: Bitcoin’s price plunges to US$60, resulting in over US$135 million in liquidations in a single day. Be alert as Bitcoin may continue to decline, presenting a buying opportunity.