Dogecoin, Toncoin, and Shiba Inu recorded gains, trading up to 4% higher. Conversely, XRP, Cardano, Polkadot, Chainlink, and NEAR Protocol saw losses, trading down by up to 2%.
The global cryptocurrency market cap surged by 0.9% to around $2.47 trillion in the last 24 hours.
Bitcoin was up 0.3% at $66,682 as of 11:32 a.m., while Ethereum was above the $3,253 level.
Analysts at CoinSwitch Markets Desk stated, «The market is holding a steady balance between bulls and bears. Bitcoin’s 200-day average price, one of the most tracked indicators, is reaching its highest levels in more than 2 years. This might signal the start of the most bullish phase of the current cycle.»
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View Details»Meanwhile, CoinDCX Research Team noted, «In the last 24 hours, the market continued its upward trajectory, propelled by positive earnings in the US stock market. Additionally, ETH experienced a notable surge following the SEC's decision to delay an ETF, considered a bullish sign.»
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency,