Cryptocurrencies have seen a continuing bull run today, with investors showing a willingness to take risks on the assets. The market has been quite volatile in the past few days, as investors stayed on the sidelines waiting for more clarity on the market’s future potential.
Speculations of a Spot Bitcoin ETF approval in early January 2024 by the SEC has been the primary cause of the recent upswing. Market experts believe the SEC will give the go-ahead to the ETF.
The Bitcoin price rose 0.88% in the last 24 hours, trading at $44,063.79 and had a trading volume of $22.40 billion. It had a high of $44,240.67 and a low of $43,387.92.
Ethereum gained 2.36% to $2,253.97 during the same period, with a trading volume of $12.73 billion. SOLANA had the largest gains, up 17.04% to $98.33, overtaking BNB for the 4th spot. BNB also had a 5.64% increase in price to $272.65, with its trading volume up 16.4% to $1.16 billion. XRP and Cardano also saw gains of 0.84% and 4.93% respectively.
In the meme coins, Dogecoin rose 2.46% to $0.09377, its trading volume increasing by 47% to $875.24 million. Shiba Inu was up 2.84% to $0.00001052, with its one-day trading volume increasing 5.5% to $175.08 million.
The global crypto market capitalization also advanced with the rally, up 2.17% to $1.66 trillion, and the trading volume decreased 4.93% to $68.19 billion. The Fear and Greed Index was at 75, indicating a “greed” sentiment in the market.
The following top cryptos have had the largest gains:
– Pepe Coin saw a 2.49% increase in price to $0.000001291, with its trading volume up 31.85% to $100.84 million.
– Algorand (ALGO) rose 24.58% to $0.2461, with its trading volume increasing by 268.5% to $283.17 million.
– NEAR Protocol (NEAR) gained 23.85% to $3.51, with its trading volume up 58.62% to $1.05 billion.
