The global crypto market cap is over $2.4 trillion at press time, up 1.53% from the previous day. Bitcoin dominates most of it. BTC also showcases its strength by carrying forward the momentum it banked a day before. Meme coins are following the trend, with an uptick of 0.43% in market cap and a surge of 9.96% in trading volume.
Bitcoin and Ethereum on a bull run
This is primarily speculation, as another round of waves can still hamper price movements on the graph. BTC and ETH are optimistic about jumps in the future. This stems from two aspects: one, the Spot Ether ETF is expected to go live on July 23, 2024, and two, inflows are better in the Spot Bitcoin ETF. This potentially signals the adoption and recognition of flagship digital assets.
BTC price is $65,859.36, up 2.04% in the last 24 hours. ETH is exchanging hands at $3,496.58, reflecting a surge of 0.97% during the same time window. Ethereum had earlier outperformed Bitcoin in fetching gains in a single day.
Meme coins are mirroring positives
With meme coins, the sentiments of a potential bull run are mutual. BONK leads the pack, with a jump of 3.93% in the last 24 hours. It is listed at $0.0000282. The top two meme coins—DOGE and SHIB—are comparatively lower, particularly Shiba Inu, as the token has shed 0.43% of its weight. Dogecoin has been able to mark an uptick of 0.89%. What’s working best for both of them are their gains in the last 7 days. The numbers are 17.02% and 15.020%, applicable in the same order.
PEPE remains at the top, with a gain of 34.88% in a single week. A surge in the last 24 hours is decent for a token value of $0.00001247. All eyes are on Shiba Inu and Dogecoin. Their market cap is also gaining strength, with a gap of around $7 billion. The number is subject to change every minute.
Other gainers and losers
Mentioning XRP and SOL is unavoidable, given their anticipated inclusion in the list after the launch of the Spot Ether ETF. Solana’s price has risen 1.84% in the past 24 hours to $161.38. In the same timeframe, XRP increased by 9.04%. Except for banking, BNB has maintained a relatively consistent level of performance, with a 10.91% increase in the past seven days. Toncoin, which was once the focal point of the stage, has since experienced a 3.21% decline in value in a single day. The most promising near-term projection for TON is $7.5, with a current price of $7.32.
FLOKI is down 2.22% to $0.0001884. Those meme coins trail behind, experiencing a significant decline. With a gain of 4.59%, MEW comes as a relief.
Conclusion
In a broader sense, price movements have been consistent over the last 24 hours. Bitcoin and Ethereum aim to recover from past downs, potentially marking a new ATH altogether.
Disclaimer: The article is only a piece of reference with no intention to serve as investment advice or recommendation.