The price of Bitcoin is hovering around $84k today as the crypto market approaches the weekend and trading activities cool down. Meanwhile two major altcoins, ETH and XRP, are in search of a breakout in order to surge above past week’s high.
While the impact of the U.S. stock market is away from the crypto market today, Bitcoin (BTC) and other major crypto assets are not making any major moves. At the time of writing, BTC price is trading at $84,200 with it hitting the daily high of $84,912 earlier today.
The 24 hour trading volume has also dropped significantly for Bitcoin as it only accumulated $16 billion – down 45% in the past 24 hours.
As Bitcoin continues to rise steadily and recover past gains, several altcoins are still finding it hard to break above key resistance levels. ETH price has managed to recapture $1,900 but its surge above $2,000 price is still in question. Similarly, XRP has also surged above $2.4 but it is notably down from the monthly highs.
Some of the notable price action today includes TON’s 20% pump following Telegram founder Pavel Durov’s Dubai relocation as French authorities now allowed him to leave the country. Besides, CAKE and ATOM have also gained over 11% in the past 24 hours.
Trending Crypto Today
- TON (Toncoin)
- ZRO (LayerZero)
- ATOM (Cosmos)
- NOT (Notcoin)
- CAKE (Pancakeswap)
Top Daily Gainers
- RED (RedStone): +49%
- ZRO (LayerZero): +28%
- TON (Toncoin): +16%
- CAKE (Pancakeswap): +15%
- ATOM (Cosmos): +11%
Top Daily Losers
- LAYER (Solayer): -6%
- PI (Pi Coin): -6%
- IP (Story): -6%
- GRASS (Grass): -5%
- LINK (Chainlink): -3%
As per Coinmarketcap data, the global crypto market cap today sits at $2.67 trillion with a 24 hour trading volume of $52.87 billion.
Also Read: Analyst Says XRP Price Can Hit $15—Here’s Why
