Bitcoin
How is the crypto market performing today?
With the rise of greedy feelings for fear and greed index, the crypto market is heading towards a bullish situation. O global market capitalization reached US$2.56 trillion, while global trading volume stands at US$80.15 billion, after a 20% increase.
Furthermore, Bitcoin’s dominance is still above the average of 53.1%, with a slight increase in the price of Bitcoin, pushing its value above the $69K mark previously. However, it fell again and is currently trading at $68,890.
Looking at the meme coin market, the market cap is $62 billion, with a trading volume of $7.7 billion, an increase of 24%. Also, meme coins
have been the most profitable cryptocurrencies for a few days now, where coins like Gamestop, PEPE, and STRUMP have recently made huge gains.
Going to the Solnana network, the crypto market is also profiting as the market cap stands at $231 billion with a 24-hour trading volume of $69.6 billion after a 17% increase. The network is witnessing more and more profit options as crypto traders make the most of Solana coin gains.
Most Profitable Cryptocurrencies on the Crypto Market Today
With the mix of bulls and bears, the crypto market is today divided into winners and losers. DOG GO TO MOON, a cryptocurrency based on dogs, rose 23% today, becoming the most profitable cryptocurrency today. Next on the list is Kaspa, which has increased by 18% in value compared to yesterday and is currently trading at $0.1746.
Impressively, Notcoin still maintains its upward trend and rose 209% during the week. Of these, 17% of the value is added to its price today only. JasmyCoin also maintains the increase, trading at $0.038 after a 13% increase in the last 24 hours.
The Cryptocurrency Decline of the Day
Despite greedy sentiments, some crypto assets including Pepe Coin have faced a downtrend. The frog meme coin was its best performer in May but is down 5% in the last 24 hours. PEPE Price it is now at $0.00001441 and is moving away from the recently created ATH of $0.00001718.
Shiba Inu Price it is also decreasing today after a good price improvement yesterday. It is now trading at $0.00002392, which is the lowest point of the week. Further down the descending list we have GALA, BONK, Bitget Token and more.
Still, the crypto market is comparatively bullish and is generating gains for traders. And those that fell today provided the perfect opportunities to buy on dips and sell as soon as the market recovers.
Keep reading 5 Best Stablecoins to Start Your Crypto Investment in June 2024