Bitcoin (BTC) is marking its 16th anniversary with a 1.11% increase, reaching $96,635. As the leading cryptocurrency edges closer to the highly anticipated $100,000 milestone, the broader crypto market also displays positive momentum. Ethereum (ETH), Solana (SOL), and XRP are among the altcoins sustaining an upward trend, adding to the optimism among investors.
Bitcoin Reaches $96,635 Amid Anniversary Celebrations
On its 16th birthday, Bitcoin continues to captivate the crypto community. Despite a relatively flat market environment, BTC recorded a modest 1.11% gain in the last 24 hours. With a market capitalization of $1.91 trillion, Bitcoin also saw a significant boost in daily trading volume, rising by 43.03% to $41.46 billion.
Altcoins Maintain Positive Momentum
Altcoin markets mirrored Bitcoin’s bullish sentiment. Ethereum rose by 1.3% to $3,449.92, while Solana outperformed with a 1.91% gain, reaching $208.52. XRP followed suit, closing the day at $2.43 after a 1.38% increase. These gains contribute to a growing sense of optimism among altcoin investors, signaling continued strength in the market.
Top Performers and Decliners
The crypto market saw notable winners and losers throughout the day:
- SPX led the gainers, surging by 23.23% to $1.19.
- FARTCOIN followed with a 17.39% increase, while DeXe added 14.34%.
On the downside:
- VIRTUAL dropped by 14.65%, ending the day at $4.32.
- HYPE and PENGU fell by 10.05% and 5.83%, respectively.
Market Outlook: Aiming for $100,000
Bitcoin’s approach to the $100,000 milestone has created strong expectations among investors. Simultaneously, the performance of major altcoins like Ethereum, Solana, and XRP bolsters the positive sentiment across the market. As highlighted by Turkish NY Radio, these developments reinforce the crypto market’s potential to deliver substantial opportunities for investors.
