Hold onto your hats, crypto enthusiasts, because today's market is buzzing with excitement! Our famous trio, SOL, LINK, and SUI, are strutting their stuff as the standout gainers of the day.
Let's start with the big kahuna—Bitcoin. After a Sunday evening rally, Bitcoin's been on a roll, hitting a sweet high of $87,600, a level it hasn't touched since early March. It's like a rollercoaster ride, right?
But Bitcoin isn't partying alone. The altcoins are crashing the party, with Avalanche (AVAX) stealing the spotlight with a whopping 12% surge, pushing it close to the $22 mark. Meanwhile, our friend Pi Network's PI token is feeling a bit under the weather, continuing its downward trend.
Last week was a news bonanza, but Bitcoin didn't join the fun until the US Fed's big meeting on Wednesday. Interest rates stayed the same, but Bitcoin decided to liven things up, swinging up and down like a yo-yo.
Ripple's CEO, Brad Garlinghouse, made headlines too, hinting that the SEC might drop its lawsuit against Ripple. This news sent Bitcoin soaring to $87,500 during the Asian trading session on Thursday, only to be knocked back a few grand shortly after. But don't worry, it bounced back like a champ to $84,000 for the weekend chill.
Then, as Sunday night turned into Monday, Bitcoin decided to go on a little adventure, climbing past $87,000 and even nudging $87,600 on Bitstamp for a quick thrill.
While it's taken a tiny step back, Bitcoin's still holding strong above $87,000. With a market cap of $1.730 trillion, it's flexing its dominance over the altcoins at 58.5%.
And speaking of alts, they're basking in the green glow today. Ethereum's closing in on $2,100 with a 3.5% daily boost, XRP's dancing above $2.45, and SOL, LINK, and SUI are all showing off gains between 5-7%.
But wait, there's more! The total crypto market cap has ballooned by around $80 billion since yesterday, now sitting pretty at $2.960 trillion. So, whether you're a seasoned trader or just crypto-curious, there's plenty of action to keep your eyes on today!
