/ Discover the latest news of crypto market: Bitcoin trading in consolidation, while JTO, FTT, and SOL surging higher.
Author: Nilesh Hembade
Date: 07 May 2024, 09:24 AM IST
On the morning of Thursday, the cryptocurrency market is having a mixed scenario, as the prices of Bitcoin and Ethereum are both trading in red, while altcoins are making significant gains in value today.
Bitcoin, witnessed a rapid surge yesterday, shooting from $63,000 to above $65,000 within minutes. However, it has now entered a consolidation phase, currently trading around the $63,000 mark in smaller timeframes like the 15-minute chart.
Meanwhile, coming on to top gainers, the prices of top crypto coins Jito (JTO), FTX Token (FTT), and Solana (SOL) are making gains today.
Current Prices Bitcoin (BTC) and Ethereum (ETH):
Bitcoin (BTC) is currently priced at $63,252, experiencing a marginal decline of 1.13% over the last 24 hours. Its market capitalization stands impressively at $1.25 trillion. Ethereum (ETH), on the other hand, is trading at $3,053, marking a decrease of 2.60% in the last day, with its market cap at $366 billion.
Top Gainers:
- Jito (JTO): Jito (JTO) has surged by an impressive +10.40% today, reaching $3.88. With a market cap of $463 million, JTO has exhibited extraordinary growth, soaring by an +20.32% in the last 7 days.
- FTX Token (FTT): FTX Token (FTT) has also showcased noteworthy growth, rising by 5.35% to $1.65 within the last 24 hours. Its market cap currently stands at $536 million, and in the past week, FTT has seen a surge of +15.76%.
- Solana (SOL): Solana (SOL) stands out with a +6.20% increase in its price, now resting at $155.62. The market cap for SOL is an impressive $69.32 billion. Over the last 7 days, SOL has shown a substantial surge of +13.59%.
In conclusion, while Bitcoin consolidates its position, altcoins like JTO, FTT, and SOL are making significant gains.
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