The cryptocurrency market is showing a dynamic performance today ahead of the last trading session of this week. After nearly $3.2 billion of options expiry, Bitcoin (BTC) exhibited heightened volatility while Ethereum (ETH) surged past the $2,600 mark, setting the stage for an eventful weekly closing.
Bitcoin’s Rollercoaster Ride Above $103,000
Bitcoin experienced a volatile trading session, fluctuating around the $103,000 level. At the time of writing, BTC was trading at approximately $103,626, up 1.2% over the past 24 hours.
It briefly touched $104,300 earlier in the day, driven by strong institutional inflows, with Bitcoin spot ETFs recording nearly $320 million in net inflows. However, profit-taking and resistance at the $105,000 level could lead to a slight pullback.
Ethereum Surge Above $2,600
Ethereum, the second-largest cryptocurrency by market cap, stole the spotlight with a robust 1.53% gain, climbing as high as $2,634 hours ago today. The altcoin’s rally, which saw it breach the $2,600 threshold, was fueled by positive market sentiment and anticipation surrounding the upcoming Pectra protocol upgrade, which promises enhanced network efficiency.
Other major altcoins displayed a mixed bag of results. Solana (SOL) traded at $172.80, up marginally, while XRP held steady at $2.42 price mark. Meanwhile, memecoins like PEPE and Shiba Inu (SHIB) continued to attract retail interest despite their volatility.
Trending Crypto Today
- ETH (Ethereum)
- XRP (XRP)
- XCN (Onyxcoin)
- NXPC (NEXPACE)
- DOGE (Dogecoin)
Top Gainers Today
- IP (Story): +12%
- EOS (EOS): +10%
- HYPE (Hyperliquid): +8%
- AAVE (Aave): +6%
- HNT (Helium) +6%
Top Losers Today
- OP (Optimism): -3%
- BONK (Bonk): -3%
- XMR (Monero): -2%
- QNT (Quant): -2%
- PI (Pi Coin): -2%
As per CoinMarketCap data , the global crypto market capitalization rose to $3.32 trillion, reflecting a modest 24-hour gain of 0.88%. The Market Fear & Greed Index stood at 69 (Greed), signaling cautious optimism among investors.
