Dogecoin

Solana

Internet Computer

dogwifhat

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According to data provided by&nbsp;<a href="https://www.coingecko.com/" rel="noopener noreferrer nofollow">CoinGecko</a>, Dogecoin (DOGE), XRP and Solana (SOL) are among the top gainers over the past 24 hours. Each of the aforementioned cryptocurrencies has surged by more than 4%.
The total market capitalization of all cryptocurrencies listed on the website currently stands at $2.35 trillion.
Internet Computer (ICP), dogwifhat (WIF) and Jupiter (JUP) are among the best-performing cryptocurrencies in the top 100. Notably, ICP is the only token from the list that has managed to record double-digit gains.
Meanwhile, Bitcoin has surged back above the $60,000 level after multiple failed attempts to break through the important resistance level.
The flagship cryptocurrency managed to regain some ground after Saxony, a state in the eastern part of Germany, stopped selling its confiscated Bitcoins earlier this week.
However, the leading cryptocurrency is still down 18% from its record high that was achieved in March.
As&nbsp;<a href="https://u.today/altcoin-season-might-be-on-horizon-according-to-glassnode-cofounders" rel="noopener noreferrer nofollow">reported by U.Today</a>, Glassnode co-founders predicted that a significant capital rotation to alternative cryptocurrencies could take place in the near future. Bitcoin's dominance currently stands at 51%.
At the same time, Coinbase researchers recently&nbsp;<a href="https://u.today/altcoin-season-might-be-on-horizon-according-to-glassnode-cofounders" rel="noopener noreferrer nofollow">predicted</a> that the crypto market would remain underwhelming in the third quarter of the year due the the apparent lack of positive catalysts. There is still a lot of uncertainty about the potential market reaction to the upcoming launch of spot Ethereum exchange-traded funds (ETFs) in the U.S. since it is unclear what level of demand they will attract.
However, cooler-than-expected inflation could boost chances of a major price rally. According to&nbsp;<a href="https://x.com/WuBlockchain/status/1812289540943696011" rel="noopener noreferrer nofollow">QCP</a>, hedge funds have been "aggressively" buying December and March Bitcoin options calls that are targeting six-digit Bitcoin prices.

Dogecoin (DOGE) and Solana (SOL) Lead Crypto Market Recovery as Bitcoin (BTC) Reclaims $60K

U_Today

Alte articole publicate pe 14 iul. 2024

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