BTC at $58,000, ETH above $3.1K, major altcoins rise

BTC at ,000, ETH above .1K, major altcoins rise

The crypto market has continued its marginal rally towards the middle of the week. However, there has been mixed price movement across the coins as some of them are trading in the red zone while others are in the green. CoinMarketCap data reveals that the global crypto market cap has increased by 0.06% to stand at $2.15 trillion, which is slightly lower than yesterday’s $2.16 trillion.

Notably, the total trading volume during this period has dropped by 7.17% to $59.05 billion, which is a significant reduction from the $65.79 billion recorded yesterday. Nevertheless, sentiment around the market seems to have seen a small uptick as alternative data shows the crypto fear and greed index standing at 29 points today, up one point from the previous day’s 28. With that out of the way, let’s take a look at a recap of the top crypto prices for today.

Top Crypto Price Update

The largest cryptocurrency by trading volume, Bitcoin, has seen high volatility over the past 24 hours. According to CoinMarketCap data, the price of BTC is currently down 0.33% and is trading at $58,451. Moreover, its trading volume has also dropped by 9.82% over the past day to $24.6 billion. Although a significant amount of money has been pumped through the Bitcoin ETF over the past 24 hours, the asset’s price is still struggling to gain the desired momentum to shoot its value above $60,000.

Ethereum, on the other hand, is trading in the green zone. The data shows that the ETH Price is now at $3,114, which represents an increase of 1.29%. However, the 24-hour trading volume is taking the opposite direction, falling by 1.02% to $13.8 billion. Coinfomania previously reported that there is increased whale movement in ETH, as major players in the industry, including Justin Sun, are accumulating significant amounts of ETH ahead of the launch of the ETH ETF. As we patiently wait for the potential launch, it will be interesting to see how the price of ETH adjust in the coming days.

XRP is one of the coins that are seeing green today. At the time of writing, the price of XRP is up 1.09% to trade at $0.44. While investors are hoping for a rally that will take the coin’s price above the coveted $0.5 mark, the reality of XRP has seen it consolidate around the $0.4 zone in recent weeks.

The price of Solana (SOL) is up 0.49% to trade at $143.21 with a current market cap of $66.4 billion and a trading volume of $1.7 billion over the last 24 hours. This is a decrease of 17.25% from the previous day.

Cardano (ADA) maintains its position as the biggest gainer among the top 10 cryptocurrencies by market capitalization. At the time of writing, the ADA award enjoys a 3.01% increase, changing hands for $0.394.

For the altcoins, Dogecoin (DOGE) and Shiba Inu (SHIB) have only seen marginal gains within the recorded time. price of DOGE rose 0.74% to $0.109 and the price of SHIB is up 0.20% to $0.00001664.

In this category, a few coins have made it to the trending list. Some of them are Stacks (STX), Minu (MINU), and Ondo (ONDO). STX, a Bitcoin Layer for smart contracts, is up 11.86% and is trading at $1.6, positioning itself as the 32nd largest cryptocurrency with a live market cap of $2.45 billion.

MINU, the first mining dog coin on Binance Smart Chain, has posted a gain of 6.69% $0.0000003501At the same time, trading volume increased by 22.78% in one day to $1.4 million.

Finally, ONDO, a cross-chain DeFi platform token, saw a growth of 4.79% and changed hands at $1.01. Over the past 24 hours, ONDO trading volume dropped by 7.89% to $130.1 million with a live market cap of $1.4 billion.