Connect with us

Altcoin

BTC At $104K, Altcoins Mainly Flux, MNT Up 10%

Published

1 month ago

on


The crypto prices today have raised uncertain speculations among traders and investors globally, encountering market turbulence. While Bitcoin (BTC) price traded above the $104K level on Friday, leading altcoins have shown mixed actions. Notably, Ethereum (ETH) and Solana (SOL) traded in the green zone, whereas XRP and meme coins like DOGE traded in the red.

Simultaneously, the global crypto market cap witnessed a marginal 0.11% fall over the past day, reaching $3.54 trillion as of press time. However, the total market volume witnessed a notable 40% uptick from yesterday, reaching $202.98 billion.

Here’s a brief report on some of the most renowned cryptocurrencies and their price action on January 24.

Crypto Prices Today: Bitcoin & Altcoins Flag Mixed Signals

Notably, BTC and top alts such as Ether and SOL have traded in the green, gaining 1%-3% intraday. However, XRP and meme coins such as DOGE and Shiba Inu have lost nearly 2% in value. Overall, the mixed price movements underscored a highly volatile trend currently prevailing across the broader crypto sector, with market watchers cautious over future price movements.

Bitcoin Price Today At $104K

BTC price recorded gains worth 1% in the past 24 hours and is currently trading at $104,088. The flagship crypto’s 24-hour low and high were $101,257.80 and $106,820.33, respectively. Notably, BTC price traded in the green alongside soaring optimism in light of heightened market interest in the asset. CoinGape reported that Semler Scientific revealed a $75M convertible notes offering in an effort to expand its Bitcoin strategy.

However, top crypto analyst Ali Martinez has recently posted on X, spotlighting immense greed taking over the Bitcoin market. Altogether, the current market stats have sparked uncertain speculations over the asset’s future trajectory.

Ethereum Price Today Up 2%

ETH price chart illustrated a 2% surge in the past 24 hours and is currently trading at $3,299. The cryptocurrency’s intraday low and high were registered as $3,184.07 and $3,347.66, respectively.

A recent ETH price analysis by CoinGape reveals that the token struggles to surpass the $3,500 mark amid severe market concerns prevailing in light of the Ethereum Foundation’s selloffs. Market watchers continue to eye short-term volatility amid these selloffs, driven by uncertain investor sentiments.

XRP Price Today Slips 1%

XRP price also showcased a waning movement, falling nearly 1% in the past 24 hours to $3.12. The token’s broader chart showcases a period of sideways trading, with the intraday low and high being $3.04 and $3.17, respectively.

Despite the recent slumping action, a recent XRP price analysis by CoinGape revealed that the crypto eyes a $5 price target in the wake of bullish market dynamics. Intriguingly, the coin’s potential upside includes a stockpile of catalysts, encompassing a potential Ripple ETF approval, XRP futures launch by CME, and RLUSD adoption.

Solna Price Today Rides Rollercoaster

SOL price chart indicated a highly turbulent movement, with the asset hovering in both red and green territories intraday. As of press time, SOL price gained nearly 1.5% and is sitting at $252.63. The coin’s intraday low and high were $242.50 and $257.43, respectively.

A recent SOL price analysis by CoinGape revealed that the token could potentially rally to $300 ahead, given the market sees a Solana ETF approval.

Meme Crypto Prices Today

Simultaneously, DOGE price waned by 1% in the past 24 hours to reach $0.3483. Further, even SHIB price tanked nearly 2% intraday, reaching $0.00001978. The TRUMP token also followed, crashing 11% and standing at $33.09. Overall, the broader meme coin sector has seen remarkable volatility in the past 24 hours.

Top Crypto Gainer Prices Today

Mantle (MNT)

Price: $1.17
24-hour Gain: +10%

Ethereum Classic (ETC)

Price: $27.14
24-hour Gain: +3%

Jupiter (JUP)

Price: $0.7976
24-hour Gain: +3%

KuCoin Token (KCS)

Price: $12.16
24-hour Gain: +6%

Top Crypto Loser Prices Today

ai16z (AI16Z)

Price: $0.8148
24-hour Loss: -14%

Fartcoin (FARTCOIN)

Price: $1.23
24-hour Loss: -14%

THORChain (RUNE)

Price: $2.78
24-hour Loss: -11%

XDC Network (XDC)

Price: $0.1112
24-hour Loss: -10%

Despite the current price turbulence, broader sentiments surrounding crypto prices’ future appear to be optimistic. MicroStrategy lead Michael Saylor has recently posted on X, stating, “The Crypto Renaissance has officially begun.”

This statement has sparked considerable bullishness, coming against the backdrop of Donald Trump’s recent pro-crypto movers, including the recent rescinding of SAB 121.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Altcoin

Shiba Inu Price Eyes Breakout Amid 389M SHIB Token Burn, Here’s All

Published

58 minutes ago

on

March 1, 2025

By


The Shiba Inu price captured noteworthy investor attention on Saturday, surging 6% in the background of the crypto market recovery. Intriguingly, the price surge comes alongside a whopping 389 million SHIB token burn in February, per recent burn metrics. As an upshot, market watchers anticipate that a breakout for the meme coin looms, with analysts also forecasting the same.

Shiba Inu Price Bullish Amid Massive 389M Burn

As of press time, Shiba Inu price pumped nearly 6% and exchanged hands at $0.00001393. The leading meme coin bottomed and topped at $0.00001301 and $0.00001412 in the past 24 hours. While this bullish action fell in line with the broader crypto market’s recent recovery-like trend, it’s worth taking into account the massive token burn.

According to metrics revealed by the official tracker Shibburn on March 1, a staggering 389.18 million tokens were burnt the previous month, February. This surge in the burn rate indicates that the meme coin’s circulating supply is further shredded.

Shiba Inu Burn In FebShiba Inu Burn In Feb
Source: Shibburn, X

In turn, market watchers remain bullish about the asset’s future performance, abiding by the law of supply and demand. For context, the burn mechanism sends tokens to a null address, permanently removing them from the supply. As a result, the circulating supply diminished and totaled 584.32 trillion, with the massive burn rate surge constantly dealing blows to it.

How Much SHIB Burnt To Date?

Shibburn’s statistics indicated that a staggering 410.72 trillion coins have been removed from the supply to date. Intraday data revealed that 14 million coins were burnt. As a result, market watchers continue to weigh optimism over Shiba Inu price’s long-term performance.

SHIB ETF Speculations Build Up

On the other hand, SHIB marketing lead Lucie took to X on February 27, stating, “Wen SHIB ETF?” This statement has set off waves of speculations across the broader market as meme coin-backed ETPs have been in the trends lately.

Notably, dog-themed meme crypto Dogecoin has secured a vital milestone in this field. CoinGape reported that Grayscale Investments, CoinShares, and WisdomTree have submitted applications for DOGE ETF approval. The U.S. SEC acknowledged Grayscale’s filing, with approval odds gaining substantial weight in recent days.

This broader development has fueled hope for other meme coin-backed ETFs, such as a potential SHIB ETF. Shiba Inu’s price could substantially leverage this, given the market sees such a feat ahead.

Market Analyst Forecasts Bullish Outlook For SHIB Price If Buyers Step In

Simultaneously, renowned analyst ‘Rose Premium Signals’ posted on X, spotlighting the crucial support of $0.00001461 for SHIB price. As per the analyst, if buyers step in now, the meme coin could see a bullish movement toward the resistance of $0.00002941 and $0.00003738.

Shiba Inu price Shiba Inu price
Source: Rose Premium Signals, X

Further, the highly bullish target remains $0.00004401, per the analyst. Overall, traders and investors extensively eye the token amid a recovery-like trend and token burns, The constant SHIB burns continue to bolster the crypto’s tokenomics, urging the price to move upwards.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

BTC Jumps 8%, ETH, XRP, & SOL Recover

Published

5 hours ago

on

March 1, 2025

By


Crypto prices today (March 1) have reignited a bullish market sentiment among traders and investors globally, illustrating signs of recovery. Bitcoin (BTC) price gained nearly 8% in the past 24 hours. Whereas, Ethereum (ETH), XRP, and Solana (SOL) prices were up by 5%-16%, underscoring a major bounceback from previous dips. Simultaneously, meme coin prices were also trading in the green zone, with TRUMP leading the broader market gains.

Mentioned below are some of the most trending coins for the day and a brief report on their price movements.

Crypto Prices Today: BTC & Altcoins Show Signs Of Recovery

The crypto market gained nearly 5% in the past 24 hours, closing the week with a market cap of $2.82 trillion. Further, even the total market volume witnessed a 12% uptick to $158.76 billion.

BTC price ends the week near the $85K level, sparking some hope despite the recent market bloodbath. Simultaneously, ETH managed to regain a break above $2,200.

BTC Price Regains $85K

At the time of reporting, BTC price gained nearly 8% intraday and exchanged hands at $85,351. The flagship coin hit a bottom and a peak of $78,248.92 and $85,608.40 in the past 24 hours. Notably, the rising price action comes despite rising PCE Price Index for January, per a recent CoinGape report. Also, BTC futures OI jumped 2% in the past 24 hours to $51.13 billion, per Coinglass data. The flagship coin appears to be witnessing renewed market interest as the week closes.

ETH Price Jumps 6%

ETH price witnessed an uptick of slightly over 6% over the past day, closing in at $2,264. The coin hit a 24-hour low and peak of $2,076.17 and $2,273.02, respectively. Ethereum rises alongside a 4% surge in its futures OI to $19.90 billion. The latest update surrounding the crypto remains that the U.S. SEC has delayed its decision on Fidelity‘s spot Ethereum ETF options.

XRP Price Surges 9%

XRP price pumped 9% in the past 24 hours, exchanging hands at $2.19. The coin hit an intraday low and peak of $1.96 and $2.21, respectively. XRP futures OI saw an 8% increase to $3.05 billion in the past 24 hours, underscoring rising market interest.

SOL Price Soars Over 15%

SOL price sky-shot by over 15% intraday and exchanged hands at $146.41. The coin hit an intraday bottom and peak of $125.74 and $150.79 over the past 24 hours. Solana’s price rose alongside a 15% surge in its futures OI to $4.65 billion, per Coinglass data.

Meme Crypto Prices Today

Simultaneously, the meme coin sector has mirrored an uptrend that is in sync with the broader market trend. Dogecoin (DOGE) price saw a 10% increase in value to $0.2075. Similarly, Shiba Inu (SHIB) price rose over 5% to $0.00001406. Even Pepe Coin (PEPE) price sky shot over 6% today, closing in at $0.000007934.

Top Gainer Crypto Prices Today

Official Trump (TRUMP)

Price: $14.02
24-hour Gains: =23%

Celestia (TIA)

Price: $4.17
24-hour Gains: +20%

Hedera (HBAR)

Price: $0.2253
24-hour Gains: +19%

Top Loser Crypto Prices Today

Nexo (NEXO)

Price: $1.12
24-hour Loss: -3%

KuCoin Token (KCS)

Price: $11.49
24-hour Loss: -1%

PAX Gold (PAXG)

Price: $2,859
24-hour Loss: 0.5%

Overall, traders and investors reflect considerable optimism in light of the crypto market’s recent recovery-like trend, anticipating potential gains ahead.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

Solana Price Eyes Recovery Toward $180 As Whales Buy the Dip

Published

10 hours ago

on

February 28, 2025

By


Solana price experienced a sharp decline, reaching a multi-month low of $126.15. This represented a 57% drop from its highest value this year. However, the cryptocurrency rebounded to $145 following a major purchase by SOL whales.

Solana Price Stabilizes After Crash – Is a Rally to $180 Possible?

Solana price saw a major decline, falling from its yearly peak of $295 to $126.15. This drop marked its lowest level since September 6. The decline also led to a breakdown below the $170 support level.

Meanwhile, a Solana whale purchased $14 million worth of SOL, withdrawing it from Binance and staking the tokens. The accumulation occurred before a $1.75 billion token unlock, a typically bearish event. The purchase helped ease sell pressure and contributed to the slight  SOL price recovery.

Despite the rebound, Solana price remains below key resistance levels. If the bullish momentum continues, traders target the $170 level as a short-term target. A breakout beyond this level could push SOL toward the $180 mark.

Meanwhile, according to a recent report, CME Group announced plans to introduce Solana (SOL) futures on March 17, subject to regulatory approval. This move positions Solana alongside Bitcoin and Ethereum as one of the few cryptocurrencies with futures trading on the platform. Market analysts suggest that the launch could strengthen the case for a potential Solana ETF in the future.

Solana’s Total Value Locked Declines by Nearly 50%

Solana’s total value locked (TVL) has dropped significantly in recent weeks. The TVL, which peaked at $12.19 billion, has now declined to $6.94 billion. The drop reflects lower investor confidence and reduced capital inflow into Solana-based decentralized finance (DeFi) projects.

The decline in TVL has been linked to the crash of top Solana-based meme coins. The market cap of Solana meme coins fell from $25 billion in January to $8.9 billion. This shift in capital has negatively affected the Solana network’s liquidity and overall market position.

While TVL remains under pressure, some Solana-based meme coins have started to recover. The overall DeFi activity on the network will be a key factor in determining the future movement of Solana price.

Key Resistance Levels to Watch

Solana price is approaching a critical resistance zone between $147.09 and $166.42. This area represents a fair value gap in the market. If SOL breaks above this range, it could signal a stronger recovery toward the $180 resistance level.

Supporting the bullish move by SOL whales, technical indicators suggest increasing momentum in favor of buyers. The Parabolic SAR (Stop and Reverse) indicator, displayed as dots above and below the price action, has shifted below the recent candles. This shift indicates a potential reversal from the previous downtrend. As long as the dots remain below the price, it suggests that buyers are in control, and the uptrend may persist.

Solana PriceSolana Price
Source: TradingView

Similarly, the Moving Average Convergence Divergence (MACD) indicator and its histogram reinforce this bullish outlook by SOL whales. The MACD line has crossed above the signal line, which is a classic bullish crossover indicating strengthening upward momentum. 

Additionally, the histogram bars have turned positive and are expanding, confirming buying pressure. If the momentum sustains, Solana price might break key resistance levels toward $180. 

More so, according to analysis, SOL price has shown signs of stabilization after crashing 40% and reaching extremely oversold levels. Historically, such deep RSI drops have often preceded price reversals, hinting that Solana price could regain upward momentum.

✓ Share:

Ronny Mugendi

Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io