Crypto News Today (Nov 7th, 2024): Bitcoin Price Stays at $74k, LDO Becomes Top Gainer!

The post Crypto News Today (Nov 7th, 2024): Bitcoin Price Stays at $74k, LDO Becomes Top Gainer! appeared first on Coinpedia Fintech News

The crypto market continued its upward surge, posting a strong 7.41% increase over the past 24 hours and lifting the global market cap to an impressive $2.46 trillion. Trading volumes soared by an astounding 128.03%, touching $192.7 billion. The current Fear & Greed Index sits at 62, indicating “Greed” drives market sentiment, as Bitcoin climbs while facing profit-taking pressures.

Bitcoin Steadies Amid Market Rally?

Bitcoin’s price inched up by 0.55% to $74,897.99, showcasing a modest advance in the last 24 hours. Trading volumes for BTC also witnessed a notable increase of 14.18%, instilling confidence among investors despite the recent surge. With the market approaching high levels of vitality, Bitcoin enthusiasts are closely watching for potential profit-taking to curb momentum as it edges closer to its all-time highs.

Curious about Bitcoin’s outlook? Check out our Bitcoin Price Prediction for insights into BTC’s potential path forward.

Altcoins Sees Strong Gains Led by Ethereum and Solana

Ethereum experienced a remarkable 9.99% surge, lifting its price to $2,847.61. The surge comes as the network benefits from increasing institutional interest and ongoing network improvements. Meanwhile, Solana emerged as one of the day’s top performers with a striking 14.47% rise, propelling its price to $185.45. XRP also rode the wave, climbing 4.58% to $0.5345, signaling growing optimism across major altcoins.

Explore our Ethereum Price Prediction to see if ETH could extend its gains in the coming days.

Top Gainers and Losers: LDO and ENA Shine, DOGE Dips

Among the top 100 cryptocurrencies, LIDO led the pack with a stunning 33.58% surge, followed by Ethena and Raydium, which posted gains of 27.81% and 27.29%, respectively. However, it wasn’t all green across the board—Dogecoin faced a 3.20% dip, while WIF and Sui dropped by 1.96% and 1.59%, respectively, highlighting a mixed day for crypto investors.

Stay tuned for more updates as the crypto market experiences heightened activity, with traders balancing bullish enthusiasm and cautious optimism.