In this latest crypto market recap, the cryptocurrency landscape has shown remarkable resilience and growth over the past 24 hours. The total market capitalization surged by over $116 billion, reaching approximately $4.03 trillion. Bitcoin (BTC) held steady around $120,000, while Ethereum (ETH) spearheaded altcoin gains, surpassing $4,600.
Key Price Movements in the Crypto Market Recap
- Bitcoin Dominance: BTC achieved a new all-time high close at $120,113, with analysts forecasting a climb to $137,000 amid expected 50bps Fed rate cuts. Japanese firm Metaplanet added 518 BTC worth $61 million, boosting its holdings to 18,113 BTC, as corporate BTC reserves exceed $100 billion.
- Ethereum Rally: ETH hit multi-year highs at $4,600, driven by $1 billion in ETF inflows, a single-day record, and whales accumulating $1.3 billion worth. BitMine plans to acquire $24.5 billion in ETH, targeting 5% of the total supply.
- Altcoin Highlights: XRP, ADA, and SOL rose sharply, with XRP eyed for a 400% explosion post-update, despite a 4% dip to $3.15. DOGE fell 7% to $0.22, while Chainlink (LINK) hovered at $21.25.
Meme Coin Highlights
- $ORANGE (The Orange Era): Solana meme token inspired by the annoying orange, driven by community hype and viral marketing.
- $TRUKABU (The Spirit Of Tariff): Solana memecoin embodying tariff spirit, gaining traction with strong narrative and community accumulation.
- $STUPID (STUPID INU): Solana-based meme coin featuring a stupid dog theme, riding on viral degen hype and community experiments.
- $FUN (Finally Up Now): Playful Solana memecoin focused on joy and excitement, gaining momentum through community-driven launches.
- $APES (APES WIF): Solana meme coin combining apes and wif hat theme, surging in popularity amid rotation trends.
- $Green (The Green Era): Solana memecoin ushering in green era, backed by strong early volume and hype.
- $PEPE (Pepe By Matt Furie): Solana Pepe memecoin tied to creator Matt Furie, community-driven with direct royalties.
- $PHI (PhiProtocol.ai): AI-powered DeFi protocol on Solana, bridging assets across chains with Wormhole tech.
- $Moon (just mooncoin): Simple Solana memecoin aimed at mooning, backed by whale holders and community pushes.
- $Internet (Internet coin): Solana memecoin representing the internet, fueled by viral art and community energy.
- $BOSWIFHAT (Bos wif hat): Solana meme token as big boss with hat, stealth launched with strong narrative.
- $SPURDO (SPURDO): OG 4chan meme coin on Solana, community-driven with deep internet lore roots.
- $SWIF (Sheep Wif Hat): Solana memecoin featuring sheep with a hat, launched by $TROLL dev, viral hype.
- $Spikemen (4chan orange cone): Solana meme coin inspired by 4chan orange cone, community-driven viral energy.
- $CLIPPY (Clippy PFP Cult): Nostalgic Solana memecoin based on Microsoft Clippy, building a PFP cult community.
Developments Shaping the Crypto Market
- ETF and Product Launches: Kazakhstan introduced Central Asia’s first spot Bitcoin ETF, set to trade tomorrow. Grayscale launched a Sui protocol trust, and Coinbase revived a USDC fund for DeFi liquidity.
- Corporate News: Circle reported losses despite 53% revenue growth post-IPO. Stripe unveiled its blockchain project, and Block announced U.S.-made BTC mining ASICs.
- Regulatory Updates: Do Kwon may plead guilty in the $40 billion Terra fraud case. SEC eyes clearer rules after Ripple win, while El Salvador enables BTC-based banking.
In addition, bullish sentiment dominates, with BTC/ETH rotations and meme coins like $PENGU surging past $BONK on Solana. Warnings abound for “jeets” in volatile memecoins, amid predictions of BTC at $140K.
Volatility persists ahead of inflation data; always DYOR. For more crypto market recaps and timely updates, follow our MevX blog today!
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