HomeNewsBullish Crypto Market: Bitcoin Breaks $26K Barrier, Pepe Coin Sees Positive Movement

Bullish Crypto Market: Bitcoin Breaks $26K Barrier, Pepe Coin Sees Positive Movement

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  • Bitcoin price surges past $26K, showing optimistic signs in the market.
  • Meme coin realm displays a mixed sentiment, with Pepe Coin witnessing consecutive bullish days.

We attentively observe the recent development of Bitcoin and other major altcoins, as the cryptocurrency market starts exhibiting bullish signs. As CoinGape also highlighted, Bitcoin, although below the $30,000 mark, is currently trading at $26,305.77, marking a near 2% growth in a day. The Fear and Greed Index, while still in the fear zone, has risen by two points and is now at 37/100, signifying the slowly growing optimism among investors.

Altcoins in Focus

Ethereum stands at $1,649.57, registering a 0.67% growth in the past 24 hours. While XRP experienced a 0.48% gain, Solana’s price ascended by 1.46%. In contrast, Polygon (MATIC), which recently saw a decline, has dropped further by 1.84% since the last day. Notably, Polkadot witnessed a 1.01% increase in its price within a day.

Meme Coins: A Mixed Bag

Dogecoin, one of the pioneering meme coins, saw its price go up by approximately 0.33%. However, Shiba Inu’s token price dipped slightly by 0.02% in the same timeframe.

As for the global picture, the cryptocurrency market is observing a revival in prices, with a few exceptions. The total crypto market capitalization has seen a noteworthy surge, now settling at $1.06 trillion. Additionally, the 24-hour market volume is recorded at $25.03 billion, which is a decline of over 6.32%.

Top Cryptos of the Day

  • Pepe Coin: Displaying positive momentum for two days in a row, Pepe Coin’s price is up by nearly 1% since yesterday, trading at $0.0000008058 at present. Despite facing resistance at higher levels, leading to weakened bulls and a subsequent price drop, it holds a significant market cap of $315.73 million.
  • ASTR Token: Astar’s ASTR token, associated with one of Japan’s leading smart contract platforms, Astar Network, has risen by over 4% in the last day. It’s currently trading at $0.06035 with a global market cap of $316,704,723.
  • XDC Network: The XDC token of the XDC Network has also seen positive movement, up by more than 4% in the last day and trading at $0.05687. Holding a global cap of $788,490,163, this rise in price gives the community a glimmer of hope after weeks of decline.
  • SNX Token: In contrast, Synthetix’s SNX token faced a drop of over 3% in the past day, trading at $2.25. It retains a global market cap of $605,563,491. This comes even as the platform introduced Synthetix V3, a more advanced and user-friendly version of its system.
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Marcel Knobloch
Marcel Knobloch
Marcel is the managing partner of ETHNews and is also known as Collin Brown in the crypto community. He is a seasoned Bitcoin investor who entered the crypto scene during its early stages and has since become a veteran trader in both the cryptocurrency and forex markets. His journey began in 2012 when he made his first investment in Bitcoin, marking the beginning of his deep-rooted passion for blockchain technology and digital assets. With a mission to demystify the intricacies of blockchain for the masses, Marcel endeavors to bring the world of cryptocurrencies closer to everyone. His insightful reports are dedicated to shedding light on the latest developments and innovations within the realms of Bitcoin, Ethereum, Ripple (XRP), IOTA, VeChain, Cardano, Hedera, and numerous other cryptocurrencies. Marcel's in-depth analysis and commitment to providing accessible information make him a trusted source for both novice and experienced crypto enthusiasts. Marcel's academic background includes a Master's Degree in Business Education, which has equipped him with a solid foundation in financial markets and investment strategies. Over the past decade, he has amassed invaluable experience working with various startups across the globe, enriching his knowledge and understanding of the ever-evolving cryptocurrency landscape. With his wealth of expertise and dedication to empowering others with crypto knowledge, Marcel continues to be a driving force in the cryptocurrency community. Business Email: marcel.knobloch@hotmail.com Phone: +49 160 92211628