2024-10-21 06:26:53 by coinpedia

Crypto Market TodayThe cryptocurrency market has seen substantial upward momentum, with a 1.79% gain in overall market cap to $2.38 trillion. In addition, 24-hour trading volumes have risen by 65.13%, indicating higher trader activity. The Fear & Greed Index is at 63, showing an increasing sense of market greed as Bitcoin’s dominance grows to 57.2%.Bitcoin Today: BTC Nears $70k Amid Record InflowsBitcoin’s steady increase continues, with the price currently hovering at $69,107. Open interest in Bitcoin derivatives reached a record $40.5 billion, with traders expecting a push toward $70k. Last week, Bitcoin ETFs witnessed $2.13 billion in inflows, boosting investor confidence even more. While still 6.51% below its all-time high, Bitcoin’s momentum remains strong as it attempts to break through its resistance levels.Keen about BTC’s future price targets? Our Bitcoin Price Prediction answers that and much more!Altcoins Watch: Ethereum and Solana ShineEthereum has gained 3.66% in the last 24 hours, with $78.89 million in weekly inflows into US spot ETH ETFs. Ethereum’s dominance stands at 13.8%, reflecting its consistent position in the market.Keen on the long-term price targets of ETH? Read our Ethereum Price PredictionSolana emerged as one of the best-performing altcoins, with a 6.59% increase that brought its price to $170.39. Solana’s strong success indicates increased interest in its network and environment, making it a standout in the altcoin market. Meanwhile, Ethereum XRP saw a modest 1.22% price surge to $0.5487.Apechain Launch Propels Apecoin, dydx, and Mina SurgeApecoin rose to the spotlight, soaring 100% with the launch of the Apechain network. The token’s price rose from $0.88 to $1.62 in just six hours. Meanwhile, dydx increased by 25.81%, while Mina Token increased by 12.92%, placing them among the market’s top performers.Aerodrome and Litecoin See DeclineOn the other hand, certain assets incurred minor losses. Aerodrome Finance fell 2.05%, while Litecoin declined 0.87%. Mantra too experienced a modest 1.95% decrease.Subscribe to us, to stay tuned about the latest in the crypto industry! We'd Love to Hear Your Thoughts on This Article!Was this writing helpful?