Crypto prices today 2 Jan 2024: Bitcoin blasts past $45K, signalling bullish momentum for crypto
The global crypto market cap increased by 5.88 percent today, as Bitcoin recorded a jump of 7.18 percent in its value.
Highlights
- Bitcoin gained by 7.18 percent to $45,254.02
- Top Metaverse tokens were trading higher today
A wave of bullish sentiment swept through the cryptocurrency market on Tuesday, propelling Bitcoin past the $45 mark and driving gains across a wide range of digital assets.
Bitcoin, the world's most prominent cryptocurrency, increased by 7.18 percent, reaching a value of $45,254.02. Ethereum, the second-largest cryptocurrency, mirrored Bitcoin's upward trajectory, registering a gain of 4.59 percent and settling at $2,379.60.
Other notable cryptocurrencies, including Solana, Cardano, and XRP, joined the bullish trend. Cardano climbed 5.71 percent, XRP gained 3.59 percent, and Solana rose 10.71 percent, as of 1130 IST.
The overall cryptocurrency market capitalisation reflected the positive sentiment, expanding by 5.88 percent to reach $1.74 trillion over the past 24 hours. The total trading volume also witnessed an increase of 25.47 percent, amounting to $59.74 billion.
Gainers and decliners
Sei, Mina, and Astar emerged as the day's top performers, recording gains of 27.65 percent, 24.00 percent, and 22.16 percent, respectively. On the other hand, Helium, Maker and Neo experienced declines of 3.63 percent, 3.05 percent, and 1.71 percent, respectively.
Memecoins and metaverse tokens shine
The memecoin realm also embraced the bullish trend, with Dogecoin, backed by Elon Musk, gaining 4.41 percent. Shiba Inu, Pepe, Floki, Bonk etc., followed suit, registering increases of 4.54 percent, 9.64 percent, 6.56 percent,10.39 percent respectively. However, Coq Inu and Tamadoge exhibited negative performance.
Metaverse tokens mirrored the positive sentiment, with popular options like Internet Computer, Stacks, Render, Theta Network, The Sandbox and Axie Infinity recording gains of 0.89 percent, 15.66 percent, 10.95 percent, 10.63 percent, 1.88 percent, and 7.55 percent, respectively, over the past 24 hours.
Despite a few exceptions like Ontology and GameFi.org, which experienced price declines, the overall cryptocurrency market painted a picture of optimism and growth, with the majority of coins gaining value.
