/ Explore the latest in the crypto market: Bitcoin remains at $40K, while MANTA and HNT surges.
Author: Nilesh Hembade.
Date: 25 Jan 2024, 09:16 AM IST
oday on Thursday morning witnessed minor gains for major players like Bitcoin and Ethereum. The aftermath of the Bitcoin Spot ETF Approval on January 11, 2024, has contributed to a downward trend in Bitcoin’s price, currently standing at the $40,000 level. However, this has sparked increased interest among investors in alternative coins, leading to substantial rallies in major altcoins, such as Solana and Avalanche, over the past 48 hours.
Current Market Snapshot:
As of today, Bitcoin (BTC) has seen a 1.00% increase in its price, reaching $40,045 within the last 24 hours. The market cap of Bitcoin stands at an impressive $785 billion. Ethereum (ETH), on the other hand, is trading at $2,217, reflecting a modest 0.16% gain in the last 24 hours, with a market cap of $266 billion.
MANTA Network (MANTA) and Helium (HNT) Surges:
- Manta Network (MANTA):
- The price of Manta Network (MANTA) has experienced a remarkable surge of 29.06%, reaching $3.28 within the last 24 hours.
- The market cap for MANTA stands at an impressive $827 million, showcasing growing investor confidence in this particular altcoin.
- Helium (HNT):
- Helium (HNT) has seen a significant rise of 23.69%, with its price reaching $7.00 in the last 24 hours.
- The market cap for the HNT token stands at an impressive $1.12 billion, emphasizing the positive momentum and interest surrounding this cryptocurrency.
Investor Shift and Altcoin Rally:
The continuous fall in Bitcoin’s price following the ETF approval has led to a shift in investor focus towards alternative coins. Notably, Solana and Avalanche have witnessed substantial rallies in the past 48 hours.