In the world of cryptocurrencies, the market was filled with positive gains on Friday. Major digital assets, including the original cryptocurrency Bitcoin, saw an increase in their prices. According to CoinGlass data, the last 24 hours saw over $230 million in crypto being liquidated, with $43.2 million of Bitcoin long positions being liquidated alone.
Interestingly, these gains came despite the launch of several spot Bitcoin ETFs in the US. These ETFs recorded trading volumes of over $1.5 billion on their opening day. Bitcoin’s price saw a modest 0.2% increase to $46,185, and its market cap rose to $905 billion. However, trading volumes decreased by 15% to $43.8 billion in the last 24 hours.
Ethereum, the third-largest cryptocurrency, followed a similar upward trend, with a 0.5% increase in the last 24 hours to $2,610. At the time of writing, Ether had a market cap of $313.8 billion, but its trading volumes saw a significant drop of 36% to $19.2 billion in the last 24 hours.
Other notable movements in the market included Tether (USDT) price falling marginally to $0.99, Binance Coin (BNB) climbing over 2% to $312.75, and Solana dropping below $100. XRP also saw a small increase of 0.8%, while Avalanche (AVAX) rose by 2.2%.
Amidst these price surges, the global crypto market saw a 0.6% increase to reach a total market cap of $1.77 trillion. The fear and greed index remained at a high level of 73, indicating positive investor sentiment.
Here are the top 3 cryptocurrencies to watch out for today:
Pepe Coin: The price of Pepe Coin saw a decrease of 4% in the last 24 hours, reaching $0.000001334. Its market cap also fell to $561 million, with trading volumes decreasing by 14% to $208 million.
SUI: The SUI cryptocurrency saw a significant increase of over 18% in the last 24 hours. Its price stood at $1.08, with a market cap of $1.19 billion. Trading volumes also saw a massive surge of 162% to $889.2 million.
APT: Aptos (APT) price surged by 9% in the last 24 hours, reaching $9.93, and its market cap expanded to over $3 billion. Trading volumes also saw a 22% increase, indicating growing interest in this altcoin.
All price charts used in this article are from CoinMarketCap.
