The cryptocurrency market has returned to a total market cap of $2.19 trillion following a positive US jobs report, easing fears of an economic slowdown and increasing interest in riskier assets.
Bitcoin Price Update: BTC Crosses $62 Mark
Bitcoin (BTC) has gained 1.21% in the last 24 hours, trading at $62,861.64. Following the strong US jobs report, demand for US Bitcoin spot ETFs increased, leading to a net inflow of $25.6 million. This shift in the supply-demand balance has bolstered Bitcoin's price stability. Notably, the 24-hour trading volume for Bitcoin jumped by 97.84%, showing greater market interest.
Altcoins: Mog Coin and Other Top Performers
Ethereum (ETH) price is also rising, trading at $2,462.20, up 1.38% in the previous 24 hours. Solana (SOL) has been one of the better performers, up 1.89% and currently trading at $146.88. Meanwhile, XRP rose 0.76% to $0.5349.
Among the top gainers, Mog Coin leads with a staggering 16.69% increase, trading at $0.0000001681. Dogwifhat follows, up 14.94% to $2.61. Sui also exhibited a strong increase, rising 12.52% to $1.95.
Top Losers: Monero and Other Major Decliners
On the negative side, Monero (XMR) fell the most, shedding 4.31% to $144.84. Kaspa (KAS) declined 3.85% to $0.1414, while Maker (MKR) fell 3.77% to $1,407.54.
The cryptocurrency market reflects active trading influenced by positive changes from the US jobs report, maintaining a neutral sentiment zone. Leading cryptocurrencies and altcoins are witnessing increased interest, although some coins exhibit significant volatility.