After a whirlpool of fluctuations, it appears that the crypto market has found some stability. The top 10 cryptocurrencies have demonstrated that the industry has been relatively stable over the last 24 hours.
The majority of the top cryptos ended the day in the same window as they started. The only true outlier emerged in the form of XRP since the coin garnered an unexpected 7% growth. TON and BNB have also accumulated 2.44% and 2.55% growth in the past 24 hours simultaneously.
Here are the daily crypto updates with the latest market information for traders.
Bitcoin
The market leader has maintained a stable stance in the past 24 hours, showing a mere 0.38% dip. It is still floating above the 66k-dollar mark, with 0.60% growth in the past 7 days.
Given the current market dynamics, analysts are eyeing a potential breakout in September for Bitcoin. With Trump announcing plans for the Bitcoin mining industry, the upcoming months will be critical for crypto.
Ethereum
ETH is following BTC’s lead, gaining a meager 0.03% in the past 24 hours. The crypto is maintaining a firm stance above the 3,300-dollar mark, with a 3.74% loss in the past week.
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In the meantime, BlackRock Ethereum ETFs have finally turned their net inflows positive. The crypto is also expected to make a major turnaround before the year ends.
Ripple
XRP or Ripple managed to surprise the market with a sudden comeback. The coin has accumulated a 7.63% surge in the past 24 hours.
It is currently trading at 0.644 dollars, with a weekly growth rate of 7.39%. Analysts are eyeing a potential breakout for the coin, with XRP holders increasing exponentially. With the Ripple vs. SEC lawsuit announcing verdict today, the coin is expected to fluctuate in the coming 24 hours as well.
Stellar
XLM, or Stellar, has also seen a surprising 3.76% surge in the past 24 hours. At the time of writing, the coin was trading at 0.104 dollars, with a weekly growth of 1.57%.
Despite the challenges posed by its competitor Ripple, Stellar has experienced a 140% increase in volume. With the Ripple ruling today, Stellar is also expected to undergo fluctuations.
Book of Meme
Book of Meme, or BOME, is an emerging meme coin that has generated a growth of 6.91% in the past 24 hours. While its contemporaries have showcased much higher spikes, BOME is running at a stable pace.
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It has gained 31.13% in 7 days and is currently trading at 0.01125 dollars. Although the meme token has exhausted its initial boost, traders are still eyeing it for potential short-term profits.
The past week has been a rollercoaster for the crypto industry, with sudden dips and spikes. However, the past 24 hours have been serene for the market, with most top cryptos showing stability. With positive inflows into the Ethereum ETF and the new ruling that XRP has received, the market is anticipated to experience a new dynamic shift in the upcoming week.
