Bitcoin has surged past $97K, prompting speculation of hitting $100K soon. Altcoins are mostly stagnant with little movement. MOVE token sees a sharp 20% drop due to Coinbase’s listing suspension. On the plus side, IMX rises by 12%, leading the daily gains. The overall crypto market cap stands at $3.02 trillion, with total trading volume down 6.44%.
Today’s cryptocurrency market presents a rather mixed bag. Bitcoin has notched a significant milestone, breaking the $97,000 mark for the first time since late February. As of now, it’s trading around $96,803, even reaching a high of $97,436 during the morning hours. Analysts are observing steady gains, predicting it might surpass the $100,000 threshold by the weekend.
On the other hand, leading alternatives appear less buoyant. Ethereum (ETH) is still stuck around the $1,800 level, while XRP holds firm at $2.20 – both grappling with crucial resistance points. BNB, Solana (SOL), and Cardano (ADA) have also shown little momentum, trading close to their opening prices over the last day.
Notably, the MOVE token from Movement Network is facing a rough patch. Following Coinbase’s announcement to suspend its listing on May 15, selling pressure has intensified, leading to a drastic 20% drop in its value. The current trading price for MOVE now hovers around $0.1985 according to the latest data.
In terms of daily gains, IMX is standing out with an impressive 12% rise today. Following behind are QNT and EOS, each appreciating by about 8%. Other notable performers include Monero (XMR), VIRTUAL, and RAY, with increases close to 4%, while IP, WAL, and LTC enjoyed a modest 2% uptick.
Meanwhile, the PENGU token suffers the most, showing an 8% decline. FET and ENA aren’t faring much better, both down by 7%. Some other tokens like TIA and SUI also lost around 5% of their value.
As of now, the global cryptocurrency market capitalisation stands at $3.02 trillion. The trading volume in the past 24 hours hit $78.86 billion, albeit this reflects a decrease of 6.44% compared to yesterday.
In summary, while Bitcoin leads the charge, the broader altcoin market struggles in varying degrees, with MOVE token facing particular losses. A few tokens like IMX stand out with gains, despite the general market’s sluggishness, as everyone is keeping an eye on upcoming trends.
