The cryptocurrency market is off to a robust begin in 2024, buoyed by the optimism round Bitcoin exchange-traded funds. The high 3 cryptocurrencies by market cap had been buying and selling within the inexperienced on Saturday morning, with Bitcoin hovering close to $44,000 ranges.
After months of anticipation, spot Bitcoin ETFs are set to grow to be a actuality. CoinGape earlier reported that each one 11 ETF candidates filed their 19b-4 amendments with the US Securities and Exchange Commission (SEC). Bloomberg Intelligence analyst Eric Balchunas mentioned the SEC may green-light the Bitcoin ETFs as early as Jan 11.
Amid expectations that SEC approval is imminent, US institutional buyers stepped up shopping for into Bitcoin. Bitcoin Price (BTC) went up practically 1% during the last 24 hours to $43,945. The OG cryptocurrency has surged 4.5% within the final 7 days, with its market cap standing at $861 billion. However, buying and selling volumes fell 22% to $26.8 billion during the last 24 hours.
Ethereum was additionally buying and selling within the inexperienced on Saturday morning, up 0.2% during the last 24 hours. As of writing, ETH Price stood at $2,249, whereas its market capitalization stood at $271 billion. Trading volumes during the last 24 hours dropped over 18% to $9.5 billion.
Tether (USDT) — the third largest crypto — stayed flat and was buying and selling at $1 at press time. Other digital belongings took a beating, with BNB down 5% to $307, Solana (SOL) off over 3% to $98, XRP down 0.7% to $0.573, and Cardano (ADA) off 3.9%.
Popular meme cash — Dogecoin and Shiba Inu — had been additionally buying and selling within the pink, falling over 1% every. The world crypto market rose marginally 0.07% during the last 24 hours to $1.66 trillion The concern and greed index degree stood at 70, indicating buyers had been cautious.
Top 3 Cryptos For Today
Pepe Price Drops Over 3%
The worth of Pepe Coin fell over 3.5% during the last 24 hours to $0.000001173, sending its market cap tumbling to $492.6 million. Its buying and selling quantity during the last 24 hours went down 21% to $72.5 million.
Aptos (APT) Sheds Over 12%
The Aptos blockchain’s native token APT tanked over 12% during the last 24 hours. The altcoin final modified fingers at $9.34, with its market cap falling to $2.9 billion. Trading volumes during the last 24 hours plummetted over 43% to $404 million.
Lido DAO (LDO) Price Rallies Nearly 14%
The worth of Lido DAO rallied nearly 14% during the last 24 hours to $3.47. At press time, its market cap stood at $3.09 billion whereas buying and selling volumes during the last 24 hours surged practically 17% 50% to $253.6 million.
The introduced content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.
