/ Discover the latest insights of the crypto market today: Bitcoin (BTC) touches $68K, While PEPE, SHIB and DOGE leading rally.
Author: Nilesh Hembade
Date: 05 Mar 2024, 10:09 AM IST
In the cryptocurrency market today, Bitcoin once again takes the center stage, showcasing its resilience and dominance as it surged to touch the remarkable $68,000 mark on Tuesday morning. This surge is attributed to the substantial influx of liquidity stemming from the Bitcoin SPOT ETF, a factor that has notably contributed to the recent uptick in Bitcoin’s value.
Over the past week, Bitcoin witnessed an impressive climb of 21.28%, closely followed by Ethereum with a commendable surge of 15.58%. However, amidst this bullish trend, the spotlight shifts to the captivating performances of memecoins, notably SHIB, DOGE, and PEPE, which have been garnering significant attention across the crypto market.
Current Prices of Bitcoin (BTC) and Ethereum (ETH):
As of today, Bitcoin (BTC) is trading at $67,618, marking a notable 6.39% increase in the past 24 hours alone. With a market cap of $1.33 trillion, Bitcoin maintains its position as the leading cryptocurrency. Meanwhile, Ethereum (ETH) shows resilience as well, with a current price of $3,703, reflecting a 6.47% increase over the last 24 hours and a market cap of $445 billion.
Memecoins on the Rally:
1.Shiba Inu (SHIB):
The price of Shiba Inu (SHIB) has skyrocketed by a staggering 65.43% in the past 24 hours, reaching $0.00003781. With a market cap of $22.68 billion, SHIB has seen an unprecedented surge of +296% in just seven days, solidifying its position as one of the top performers in the market.
2.Pepecoin (PEPE):
Pepecoin (PEPE) continues to lead the pack in the list of top gainers, witnessing a notable increase of 8.78% in the last 24 hours, with its price at $0.0000071. The market cap for PEPE stands at $3.11 billion, with an impressive surge of +246% over the past week.
3.Dogecoin (DOGE):
Dogecoin (DOGE) has also experienced a significant surge, with its price rising by 15.24% to $0.1814 in the last 24 hours. With a market cap of $26.00 billion, DOGE has witnessed a remarkable surge of +102% over the past seven days, further emphasizing the growing influence of memecoins in the crypto market.
eCash (XEC) Surges:
Furthermore, eCash (XEC) has emerged as a notable player, experiencing a surge of 62.25% in the last 24 hours, with its price reaching $0.00006882. With a market cap of $1.40 billion, eCash showcases its potential amidst the ongoing market fluctuations.
In conclusion, while Bitcoin continues to dominate the crypto market with its impressive performance, memecoins like SHIB, DOGE, and PEPE are capturing the imagination of investors.