The current phase could be pivotal for the crypto market as several prominent crypto assets prepare for potential shifts in momentum.
Current Crypto Market Situation
At the time of writing, Bitcoin's price stands near $83,300 with a market cap of $1.65 trillion. A trading volume increase of over 100% in the past 24 hours shows traders taking positions before the market week begins. Ether's price hovers around $1,900, aiming to surpass $2,000 following Bitcoin's upward momentum.
Major Cryptocurrencies and Their Positions
Other leading altcoins like XRP, SOL, ADA, DOGE, and TRX are struggling to rise from weekly lows, while BNB has spiked over 5% due to renewed interest in BNB Chain's DeFi ecosystem.
Top Gainers and Losers of the Day
Among the major gainers, BNX and CAKE lead with over 30% increase, while OKB, CRO, and MNT have gained 5% in the past 24 hours. Conversely, altcoins such as KAS, MOVE, TAO, TIA, and Sonic have decreased by more than 6%.
The global crypto market cap sits at $2.73 trillion with a 24-hour trading volume of $69.96 billion. This week could prove crucial for these assets.
