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Cryptocurrency News Articles
Dogecoin and Shiba Inu Outshine Bitcoin and Ethereum as the Crypto Market Jumps Back
Sep 27, 2024 at 05:47 pm
The crypto market jumped back again on Thursday after a questionable 24-hour performance. Bitcoin, Ethereum, Solana, and other top coins gained considerable value in the market.
The crypto market experienced another surge on Thursday, with Bitcoin, Ethereum, Solana, and other top coins showing considerable gains.
The shift pushed the Fear & Greed Index back to 61, indicating moderate greed among traders. (Source: Cointree)
While the major coins performed well, the OG memecoins outshined the competition. Both Dogecoin and Shiba Inu saw impressive growth of 10.85% and 21.64%, respectively, in 24 hours. The market also saw Bonk surge by 18.08% on Thursday.
Here's a quick overview of the crypto market with the latest updates to help traders make informed investment decisions.
Bitcoin
After facing resistance for a couple of days, Bitcoin has finally crossed the 64k-dollar mark. The market leader is now trading at 65,192 dollars.
The coin has generated a 2.54% daily growth, and its weekly performance shows a 2.19% surge. Inflows from Spot Bitcoin ETFs have reached 365 million dollars, preparing institutions and traders for a Q4 rally.
The first major resistance that Bitcoin will encounter at 65,517 dollars is expected to be broken at the current rate.
Ethereum
Over 24 hours, Ethereum also gained 1.31% to test the 2,650-dollar mark. The coin is currently trading at 2,647 dollars with a weekly growth of 4.09%.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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