The crypto market is experiencing constant fluctuations among the leading cryptocurrencies. Bitcoin has finally found a stable footing, gaining 1.10% value in the past 24 hours.
Ethereum, on the other hand, is the only crypto among the top assets that has lost value on Wednesday. In addition to ETH, the market has shown signs of revival. XRP has also made a surprising comeback in the middle of the week.
On the meme coin front, NEIRO has also made a massive recovery. Here is an overview of the daily crypto market with other updates.
Bitcoin
BTC has gained more than 1.10% in the past 24 hours, showing signs of recovery after a couple of days. The crypto is trading at the $57,300 mark, with its 7-day performance showing a 10.89% dip. For insights on its future movements, check out our BTC price prediction post.
Since the IMF issued a warning about Bitcoin in El Salvador, the growth came as a surprise. Simultaneously, the coin could potentially reach its maximum value in the US. Even then, BTC shows stability tendencies, instilling a sense of reliability among traders.
Ethereum
Ethereum’s monthly performance has been a question mark for traders. Since the crypto’s ETF was approved by the SEC, it has been experiencing uncharacteristic fluctuations.
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In the past 24 hours alone, Ethereum has lost 2.87% value. It has dropped from the 3,500-dollar level to 2,400 dollars in a week. Its 7-day performance shows a massive dip of 23.51%.
Even among the top 10 cryptos, ETH is the sole asset losing gradual value.
Ripple
XRP has made a miraculous comeback in the market after the settlement of the SEC case. The coin has gained 17.80% of its market value, bringing it to 0.60 dollars.
On Wednesday, Ripple was ordered to pay 125 million dollars in civil penalties. Following the settlement of the case, XRP has outperformed Bitcoin’s gains with a 17% surge. With other developments on the way, the coin is expected to make a major turnaround in 2024.
Toncoin
With a 10.33% growth in the past 24 hours, TON has also performed exceptionally well. The coin is trading at 6.32 dollars, with a weekly loss of 6.57%.
Binance has also listed TON for trading, helping the coin gain value. Now, analysts expect TON to hit the $10 in the coming months.
Neiro Ethereum
NEIRO has also experienced a sudden surge in the past 24 hours, with 11.37% growth. It is currently trading at 0.2672 dollars, with a weekly growth of 41.72%.
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In the past 30 days alone, NEIRO has gained a whopping 1836% market value. CoinMarketCap has also valued its market cap at 267k dollars, making it an appealing investment option for traders.
The completion of the XRP case has finally led to positive growth in the crypto market. However, the current outlook for the global financial market will make it challenging for crypto assets to maintain their momentum.
