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1 week ago

Crypto, Currently: June 5, 2024 – Bitcoin Hits New Heights as Altcoins Show Mixed Performance

Daily update from the five cryptocoins we consider the most interesting right now.

Bitcoin Soars Above $70,000

The cryptocurrency market is experiencing a resurgence, with Bitcoin leading the charge. Bitcoin (BTC) has surpassed the $70,000 mark, trading at $70,859.29, a 3.10% increase in the last 24 hours and a 4.32% gain over the past week. This surge extends its 30-day growth to an impressive 11.08%. Bitcoin’s market cap now stands at $1.39 trillion, solidifying its dominance in the crypto market.

Ethereum Shows Modest Gains Amidst Slight Weekly Decline

Ethereum (ETH), the second-largest cryptocurrency by market cap, is trading at $3,795.33. It has seen a 1.21% rise in the last 24 hours. However, it has experienced a minor dip of 0.49% over the past week. Despite this, Ethereum has managed to sustain a significant 20.48% increase over the past 30 days. Its market cap is $456 billion, with a circulating supply of 120.1 million ETH.

Solana Rallies Strongly

Solana (SOL) has shown remarkable performance, surging by 5.23% in the past 24 hours to reach $173.32. This marks a weekly gain of 2.51% and a substantial 18.61% increase over the last 30 days. Solana's market cap has grown to nearly $79.7 billion, supported by a circulating supply of 459.8 million SOL.

Immutable X Slightly Up

Immutable X (IMX) is trading at $2.28, reflecting a modest 1.09% increase in the last 24 hours. Over the past week, it has experienced a minor decline of 0.49%. However, IMX has shown a steady 2.78% increase over the past 30 days. Its market cap is approximately $3.37 billion, with a circulating supply of 1.48 billion IMX tokens.

Maker Rebounds from Weekly Losses

Maker (MKR) is currently priced at $2,643.97, showing a 3.06% increase in the last 24 hours. Despite this, it has faced a weekly loss of 2.24%. Over the past 30 days, MKR has decreased by 9.24%, reflecting some volatility in its market performance. Maker's market cap stands at $2.45 billion, with a circulating supply of 927,770 MKR.

Market Overview

The overall cryptocurrency market is showing signs of recovery, led by Bitcoin’s impressive gains. Altcoins are exhibiting mixed performance, with some like Solana showing strong upward trends while others like Maker are struggling with volatility. Investors remain cautiously optimistic as the market navigates through these fluctuations.

Stay tuned for more updates as the crypto market continues to evolve.


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