Crypto Market Showcases Bullish Signs as Bitcoin Finally Breaks $61K Mark

The crypto prices have showcased a resurgence today as the majority of the coins are trading in the red zone. This is a stack difference from yesterday when the market saw mixed patterns.

Crypto prices showcased a resurgence on August 20 as the majority of the coins were trading in the green zone. This marks a stark difference from the previous day when the market encountered mixed patterns. The development contributes to increased investor confidence in the future outlook of the market.

Even though the sentiment surrounding the market still shows ‘fear’ as per the crypto fear and greed index data, there has been an increase in points from 28 yesterday to 30 today.

Consequently, the total market cap surged by 3.31% to $2.14 trillion at the time of writing and its one-day trading volume increased by 28.39%. Notably, the stablecoin volume takes the bulk of these, occupying about 92.3%. Below is an overview of how the crypto market has moved in the last 24 hours.

Top Crypto Prices Today

The price of Bitcoin has exhibited some bull pattern, finally breaking the $61k mark earlier today. However, at the time of writing, the flagship cryptocurrency traded at $60,899, representing a 3.94% increase over the last day. Its one-day trading volume also skyrocketed by 47.73% indicating increasing traders and investors activities.

Amid this, the Bitcoin exchange-traded fund (ETF) saw a total daily net inflow of $61.98 million as of August 19 according to Soso Value Data. Moreover, Coinfomania reported earlier today that the Japan-based investment company, Metaplanet, increased its Bitcoin holdings by acquiring another 500 million yen ($3.4 million) worth of Bitcoin potentially adding to the buying pressure on the coin.

In the same light, Ethereum, the second-largest cryptocurrency by market cap, has seen impressive gains over the last day. According to data from CoinMarketCap, the price of ETH traded at $2,660, signifying a 1.87% increase over the last day. Notably, the coins moved between the lows and highs of $2,568.01 and $2,697.94 respectively in the last 24 hours. Moreover, Ethereum still recorded negative ETF flows of -$13.52 million as of Aug 19.

Other Altcoin Price

The price of SOL jumped by 3.28% at the time of writing to change hands at $146.46. Additionally, Solana saw a low and high of $140.59 and $148.67 respectively. XRP also witnessed impressive growth within the last day. CMC data shows that the price of XRP surged by 4.76% to trade at $0.6099. Its 24-hour lows and highs were recorded at $0.5754 and $0.6134.

The fourth-largest cryptocurrency Binance Coin (BNB) climbed by 6.59% to rest at $569.89, maintaining a bottom and top range of $531 and $573 respectively. Toncoin has only seen marginal gains in the last 24 hours. At the time of writing, the price of Toncoin (TON) spiked by 0.94% to $6.86, having one-day lows and highs of $6.73 and $6.93.

Leading the altcoin charge, Dogecoin (DOGE) and Shiba Inu (SHIB) surged over the last day as well as other notable memecoins in the market. While DOGE added 6.10%, SHIB increased by 6.20%. As a result, DOGE and SHIB changed hands at $0.1053 and $0.00001389 respectively.

Top Trending Crypto Gainers Today

Numeraire (NMR) skyrocketed by 26.79% to reach $16.01

Frontier (FRONT) gained 14.58% to $0.726

Pepe (PEPE) moved up by 12.86% to $0.000008148

TARS AI (TAI) surged 13.73% to $0.1362

Artificial Superintelligence Alliance (FET) added 10.32% to $0.8941

The crypto market is showcasing bullish signs. Have the Bulls fully taken over? It will be interesting to watch how the rest of the week unfolds as investors’ sentiments gradually increase.