Bitcoin surges past $97K for the first time since February, while the MOVE token plunges 20%. IMX leads gains today with a 12% spike, despite a sluggish performance from major altcoins. The global market cap remains steady at $3.02 trillion, with overall trading volume down by 6.44%.
The cryptocurrency market is experiencing a mixed bag today, as Bitcoin has broken through the $97,000 barrier for the first time since late February. Currently, Bitcoin is trading around $96,803 after hitting a daily peak of $97,436 in the early hours of trading. Analysts are keeping their eyes peeled for a potential rise above the $100k mark by this weekend, thanks to the coin’s steady growth over the past three days.
In the world of altcoins, things seem to be rather sluggish. Ethereum (ETH) is still hovering around the $1,800 mark, and XRP is consolidating near $2.20, both of which are significant resistance levels. Other prominent coins like BNB, SOL, and ADA are also sticking close to their opening prices for the day, showing little movement.
A notable event impacting the market is the sharp decline of Movement Network’s MOVE token, which has plummeted over 20%. This drop comes after Coinbase announced it will suspend the token’s listing on May 15. Currently, MOVE is trading at approximately $0.1985, a significant dip amid the selling pressure.
On a brighter note, Immutable (IMX) is leading the list of top gainers today, surging by 12%. After it, Quant (QNT) and EOS each saw a respectable 8% rise. Other coins like Monero (XMR), VIRTUAL, and RAY also enjoyed slight gains, all around 4%. In contrast, some tokens are facing challenges, with PENGU experiencing an 8% drop and FET and ENA both down by 7%.
Today’s trends in the crypto space highlight the following: MOVE, BTC, WEMIX, TURBO, and IMX are making headlines. As the market continues to evolve, staying updated on these patterns is critical.
For those interested, the global crypto market cap currently stands at a staggering $3.02 trillion, although trading volume has dipped by 6.44% today, resting at $78.86 billion. The fluctuations are intriguing, and there’s much to keep an eye on as the weekend approaches.
