Following last week’s massive hit, investors are confident about the potential upside in the crypto market. Bitcoin and Ethereum are showing slight fluctuations while holding strong above key support levels. Moreover, this stability has led to bullish trends across various altcoins, a few recording gains of over 30%. However, the overall investor sentiments are seen shifting from “fear” to “neutral”, showcasing a bullish phase in the future.
Bitcoin, Ethereum, and other Top Performers
Since Bitcoin and Ethereum are consolidating, they are hinting at a new upswing in the market. Bitcoin surged above $94,000 early Monday, remaining in steady bullish trend. On the other hand, Ethereum tracks the Bitcoin lead and consolidates below $18,000. Additionally, other top performers include:
- Ripple (XRP) – breaking chart pattern and hitting at a rise of $3
- Cardano (ADA) – stabilizes above $0.71
- Dogecoin (DOGE) – moving sideways near $0.18
- Binance Coin (BNB) – holding strong above $600
- Solana (SOL) – battling resistance at around $150
Top Gainers and Losers in the Market
While the leading tokens are stabilizing, some altcoins have surged to a bullish trend with exploded values.
- Pudgy Penguins (PENGU) – shows a massive surge of 45.1% with reading volume reaching 225% and total market cap of $580 million
- Monero (XMR) – Increased by 28%
- Walrus (WAL) – showcasing an impressive short-term momentum with an increase of 20 %
Moreover, some meme coins are also showing an increase, indicating risk appetite among the market participants.
While some significant altcoins are following the bullish trend, there are a few assets that are failing to ride the wave. In addition, the overall global trading volume has dropped by 7.7%, underscoring unpredictable turns in the activity. For example, Worldcoin (WLD), Bitcoin SV (BSV), and Artificial Superintelligence Alliance (FET) moved down by 6-8%. However, Bitcoin and Ethereum stability and positive outlook of some altcoins suggest that a strong market breakout could be around the corner.
