The crypto currency market has begun to recover signals with the fact that US inflation data came below expectations. Bitcoin (BTC) strengthened the rise movement in the market, exceeding $ 84,000. Great Altcoins gained value by taking their share of this positive atmosphere. So, is the market really recovering? As Kriptokoin.com, we share current data and comments of experts.
Leader Crypto Money Bitcoin (BTC) exceeded $ 84 thousand
Bitcoin increased by 2 %in the last 24 hours and reached $ 84,000. During the day, the lowest $ 80,635 dollars tested the highest 84,358 dollars. It is seen that a strong wave of purchase in the market has begun again.
In particular, Bitcoin’s futures open positions (OI) increased by 3 %to 47.72 billion dollars. This shows that investors’ confidence in Bitcoin has increased again and the expectations of rise are strengthened. In addition, Bitcoin’s market domination rose to 61.36 %, which increases the pressure in the Altcoin market slightly.
Ethereum (ETH) at $ 1,900
Ethereum increased by 1 %in the last 24 hours and reached $ 1,889. During the day, the lowest $ 1,832 was traded at the highest level of $ 1,954.
However, Ethereum’s market dominance decreased by 1.66 %to 8.4 %. In other words, while attracting Bitcoin investors to itself, the rise of Ethereum is more limited. However, Ethereum’s futures position positions increased by 1.5 %to $ 17.59 billion, which shows that the interest of major investors’ interest in Ethereum.
Protects XRP and Solana (left) earnings
Ripple’s XRP rose by 3 %to the $ 2.24 level. During the day, the lowest $ 2.14 dollars tested the highest levels of $ 2.26. Increasing institutional interest in XRP stands out as an important factor that supports the rise of the price.
Solana (left) is also traded at 125 dollars by gaining 2 %. The lowest $ 121.37 dollars during the day was traded at the highest level of $ 130.66. While Solana’s transaction volume and market value continues to increase, the investor interest is growing.
Mobility in the breast coin market
Breast Coins have also experienced mobility in the last 24 hours. Dogecoin (Doge) rose to 5 %and reached $ 0.1707. Shiba Inu (SHIB) increased by 2.5 %to $ 0.00001228.
However, Pepe Coin (Pepe) made the biggest output. Pepe increased by 18 %to $ 0.000007316, which shows that investors’ interest in risky assets is still ongoing.
The most winners of the day in the crypto market
Most winners:
- Pi (PI): $ 1.71 (+16%)
- Story (IP): $ 6.30 (+14%)
- Celestia (TIA): $ 3.68 (+12%)
Most Losers:
- Ethena (ENA): 0.365 dollars (-4%)
- Hyperliquid (Hype): $ 13.42 (-4%)
- Movement (Move): $ 0.4792 (-3%)
Will the crypto money market continue to rise?
The low US inflation data increased investors’ interest in risky assets. Bitcoin’s exceeding $ 84,000 shows that confidence is back in the market.
However, the number of Bitcoin wallets approached the highest level of all time. There are currently a total of 54.71 million active Bitcoin wallets. This is an important data that shows that the interest of investor is still strong in the long run.
However, the volatility and macroeconomic developments in the market should be closely monitored. In particular, Fed’s interest policies will be one of the most important factors that determine the direction of the market in the coming period.
