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

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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.

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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%.

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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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Collin Brown
Collin Brown
Collin is a Bitcoin investor of the early hour and a long-time trader in the crypto and forex market. He's fascinated by the complex possibilities of blockchain technology and tries to make matter accessible to everyone. His reports focus on developments about the technology for different cryptocurrencies.
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