The broader crypto market has been showing mixed signals today with Bitcoin breaking above $97K for the first time since late February while leading altcoins failed to catch up with the momentum.
At the time of writing, Bitcoin is trading near $96,803 and it marked a daily high of $97,436 during early trading hours. It has steadily gained over the past 3 days, and analysts are now expecting it to break above $100k by the weekend.
From the leading altcoins, none have shown any notable traction in the past 24 hours, with ETH still trading in the $1,800 range and XRP consolidating near $2.20 – both at key resistance levels. Besides, BNB, SOL, and ADA also keep trading near daily opening price marks.
Meanwhile, the controversy behind Movement Network’s MOVE token dumping has sparked selling pressure, with the leading crypto exchange Coinbase announcing it would suspend its listing on 15th May. It has caused the MOVE token price to drop over 20% with it now trading near $0.1985 – as per the latest market data.
Movement (MOVE) Token Drops 20% – Source: CoinMarketCap
Among today’s top gainers, IMX is leading with surging 12% today, which is followed by 8% gains from QNT and EOS. Other gainers include XMR, VIRTUAL, and RAY, all spiking nearly 4% while IP, WAL, and LTC have gained 2% in the past 24 hours.
The PENGU token leads the losing group with an 8% decline, followed by a 7% decrease in FET and ENA.
Trending Crypto Today
- MOVE (Movement)
- BTC (Bitcoin)
- WEMIX (WEMIX)
- TURBO (Turbo)
- IMX (Immutable)
Top Daily Gainers
- IMX (Immutable): +12%
- QNT (Quant): +8%
- EOS (EOS): +8%
- XMR (Monero): +5%
- VIRTUAL (Virtuals Protocol): +4%
Top Daily Losers
- PENGU (Pudgy Penguin): -8%
- FET (Artificial Intelligence Alliance): -7%
- ENA (Ethena): -7%
- TIA (Celestia): -5%
- SUI (Sui): -5%
As per CoinMarketCap data , the global crypto market cap today sits at $3.02 trillion. It has accumulated a 24 hour trading volume of $78.86 billion, which has decreased 6.44% today.
