Bitcoin Gains Amid Crypto Market Bullish Momentum Despite Recent Volatility

The global crypto market is reflecting bullish momentum amid volatility. Bitcoin (BTC) is up 1.07% after being 4% bearish in the last seven days. Major altcoins indicated bullish green. XRP gained 5% over the past 24 hours. Likewise, fartcoin(FARTCOIN) became the top gainer coin in the list; it was up 23%. Pudgy penguins (PENGU) is the second gainer coin in the list, increasing 15.24%.

According to coinmarketcap, the global crypto market cap is $3.27 trillion, a 0.75% increase over the last day. The total crypto market volume over the last 24 hours is $108.02 billion, a 20.65% decrease. The Fear and Greed index stood at 45, indicating a natural sentiment. In this article, we have discussed the crypto market and shed light on market updates.

Bitcoin Price Today

The rate of Bitcoin is $93,521.76, marking a 1% uptrend over the last 24 hours. Its 24-hour low and high were $92k and $93k, respectively. Its market cap reached $1.85 trillion, reflecting a 0.84% gain in the previous day. However, its trading volume decreased 27.26% in a single day and achieved $39.83 billion.

According to Farside data, the U.S. Spot Bitcoin Exchange Traded Fund saw a $5.2 million inflow yesterday. Fidelity FBTC led this surge with $36.8 million inflow, while Blackrock IBIT (ishares) logged $23.5 million outflow. Likewise, Bitwise BITB and Grayscale BTC experienced an inflow of approximately $8.7 million and $4.1 million, approximately.

In other news, MicroStrategy’s Coinbase Prime Custody transferred a total of 8,469 BTC (worth about $794 million) to three new wallet addresses: bc1q5dm…637q5u, bc1q92g…amd56r, and bc1q69d…mjdudf. The transfers, which occurred at 5:52 AM (UTC+8) today, are likely part of an internal arrangement by MicroStrategy.

Ethereum Price Today

The Ethereum price was trading at $3,339.85, decreasing 0.24% over the past 24 hours. Its 24-hour low and high were $3340 and $3476, respectively. Its market cap surpassed $402.38 billion, dipping by 0.33% the previous day. ETH, the second-largest cryptocurrency by market cap, has faced bearish momentum since last week. Its market volume dropped 22.67% in a single day.

As per sosovalue, the U.S Spot Ethereum Exchange Traded Fund saw a $35.93 million inflow yesterday. Fidelity FETH, the second-largest ETF by net assets, led this surge to $31.77 million. Grayscale ETH experienced a significant inflow, adding a $9.77 million inflow, while Grayscale ETHE was the only ETF that saw an outflow of $5.6 million. The other six ETFs had zero flow.

In other news, As per the recent post on wu blockchain, Ethereum co-founder Vitalik Buterin (vitalik.eth) donated 50 ETH, worth around $170,000, to the fundraiser “Juicebox: Support Alexey Pertsev” at 7:53 PM (UTC+8) today. So far, the campaign has raised over 184 ETH. Alexey Pertsev, a developer of Tornado Cash, is raising funds to cover his legal expenses.