/ Discover the latest news of crypto market: Bitcoin holds at $63K level, while FTT, ENA, and TFUEL surging higher.Author: Nilesh Hembade Date: 08 May 2024, 10:00 AM IST
On the morning of Wednesday, the cryptocurrency market is in red as the prices of Bitcoin and Ethereum are both trading with a minor drop in value today.
Bitcoin (BTC) is currently trading around the $62,800 mark, showcasing a U-shaped pattern in its recent trajectory. Despite this minor setback, BTC seems to have found some support and might be gearing up to challenge the next resistance level at $64,500.
Meanwhile, coming on to top gainers, the prices of top crypto coins FTX Token (FTT), Ethena (ENA), and Theta Fuel (TFUEL) are making gains today.
Current Prices for Bitcoin (BTC) and Ethereum (ETH):
As of today, Bitcoin (BTC) has witnessed a 1.21% decline, settling at $62,646 over the last 24 hours. Despite this, the market cap of Bitcoin stands impressively at $1.23 trillion. Ethereum (ETH) follows suit, trading at $3,016, experiencing a 1.42% decrease in the last 24 hours, with a market cap of $362 billion.
Top Gainers:
- FTX Token (FTT): FTX Token (FTT) has stolen the spotlight today, boasting a remarkable 38.12% surge in its price, reaching $2.23 over the last 24 hours. With a market cap of $719 million, FTT has shown remarkable performance, surging by a staggering 65.38% over the past seven days.
- Theta Fuel (TFUEL): Another notable performer, Theta Fuel (TFUEL), has seen a commendable 3.80% increase in its price, standing at $0.1075 within the last 24 hours. With a market cap of $707 million.
- Ethena (ENA): Ethena (ENA) has also joined the ranks of top gainers, witnessing a 2.79% surge in its price, reaching $0.8988 within the last 24 hours. With a market cap of $1.39 billion, ENA has exhibited a notable 12.87% surge over the past seven days.
In summery, Bitcoin currently trading in red but it may eye to touch $64,500 price if some bullish momentum rises, altcoins like FTT, ENA , and TFUEL are making significant gains today.