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Crypto Market Update: Optimism Spreads as Prices Surge

Market Overview

The crypto market has experienced a significant upswing, with Bitcoin (BTC) and Ethereum (ETH) prices leading the charge. The global crypto market cap has seen a 4.21% increase, reaching $2.34 trillion, while the total crypto market volume has surged 44.92% to $49.98 billion.

Top Crypto Prices Today

Bitcoin Price

• BTC price rested at $63,316.81, a gain of 4.17% over the past day, according to CoinMarketCap’s data.
• The 24-hour lows and peaks were $60,630.05 and $63,712.78, respectively.
• Bitcoin’s dominance stood at 53.57%, a gain of 0.19% over the past day.
• BTC’s market cap recovered to rest at $1.25 trillion.
• However, as the day progressed, BTC slipped to trade at $62,869.21.

Ethereum Price

• ETH price soared 3.91% over the past day to reach $3,495.66.
• Its 24-hour bottoms and peaks were $3,354.51 and $3,516.05, respectively.
• With the looming launch of the ETH ETFs, this upswing has garnered significant investor enthusiasm.

Solana Price

• The crypto SOL’s price rallied 6.58% to trade at $147.43.
• Its 24-hour lows and highs were registered to be $137.14 and $148.65, respectively.

XRP Price

• The Ripple Labs-backed token, XRP, saw a 1.51% jump in value to reach $0.4782.
• Its 24-hour lows and highs are $0.4703 and $0.4788, underscoring a tight trading session.

Meme Coins

• Dogecoin (DOGE) price gained 4.70% to $0.1264.
• Shiba Inu (SHIB) surged 4.55% to $0.00001745.
• Pepe coin (PEPE) rallied 9.40% to reach $0.00001197 today.

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Top Crypto Gainers Today

• Ethereum Name Service (ENS) price rallied 22.71% to $31.71.
• Mog Coin (MOG) price soared 18.61% to $0.000002075.
• Dogwifhat (WIF) price gained 12.52% to $2.27.
• Fantom (FTM) price upsurged 12.06% to $0.6026.

Top Crypto Loser Today

• Akash Network (AKT) price slipped 0.68% to $3.69.
• Tron (TRX) price dropped 0.31% to $0.1248.
• UNUS SED LEO (LEO) saw a marginal 0.06% decrease to $5.82.

Hourly Time-Frame Charts

The hourly time-frame charts show a waning price for BTC and ETH, with a dip of 0.07% and 0.28%, respectively. A volatile movement ahead might be possible, although the broader industry currently reflects optimism.

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