(07 June 2024, 11:06 AM IST):
As of this Friday morning, the cryptocurrency market is exhibiting bullish sentiments, with the prices of major altcoins showing significant gains. Bitcoin (BTC), in particular, has finally risen above the $71,000 mark after experiencing tricky fluctuations around the $68,000 level.
Currently, Bitcoin (BTC) is hovering around $71,000 and trading near a resistance zone at $71,267, up by 0.49% in the last 24 hours. With a market cap of $1.40 trillion, Bitcoin has now entered a resistance zone, and bulls are looking to push it higher.
If Bitcoin breaks out from this zone, we could see a substantial jump in its price. On the other hand, Ethereum (ETH) has dipped by 0.96% to $3,817 over the past 24 hours, with a market cap of $458 billion.
Top Gainers: Wormhole, Ordinals, and Jasmycoin
Wormhole (W): Wormhole (W), a DAO token, is in the spotlight with impressive gains. Its price has surged by 13.45% to $0.7124, bringing its market cap to $1.28 billion. Over the last seven days, Wormhole has surged by 24.60%.
Ordinals (ORDI): The BRC-20 token Ordinals (ORDI) continues its rally, jumping by 12.84% over the last 24 hours to reach $64.28. The market cap for Ordinals now stands at $1.33 billion. Over the last 30 days, ORDI has surged by 30.17%.
Jasmycoin (JASMY): Jasmycoin (JASMY) has also seen significant gains, jumping by 8.35% over the last 24 hours to $0.04173. The market cap for Jasmycoin now stands at $2.06 billion. In the last seven days, Jasmycoin has surged by 36.01%.
In conclusion, the cryptocurrency market is currently experiencing a bullish phase, with Bitcoin poised for a potential breakout and several altcoins making notable gains. As always, investors should stay informed and cautious in this highly volatile market.