Today the crypto market shows mixed signals as Bitcoin surpasses the $97K mark for the first time since late February while leading altcoins lag behind.
Bitcoin Dynamics
At the time of writing, Bitcoin is trading near $96,803 and marked a daily high of $97,436 during early trading hours. It has seen steady gains over the past three days, with analysts expecting it to break above $100K by the weekend.
Altcoins Performance
Among the leading altcoins, none have shown 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.
Current Trends and Major Winners/Losers
The controversy surrounding Movement Network's MOVE token has sparked selling pressure, resulting in a price drop of over 20%. Meanwhile, IMX leads the gainers with a 12% increase today, followed by QNT and EOS with 8% gains. Conversely, PENGU is the top loser with an 8% decline.
The current state of the crypto market indicates Bitcoin's rising popularity, while altcoins are facing challenges. Monitoring the key tokens and market dynamics remains crucial.
