𝗖𝗿𝘆𝗽𝘁𝗼 𝗦𝘂𝗿𝗴𝗲: 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗖𝗹𝗶𝗺𝗯𝘀 𝘁𝗼 $𝟱𝟴𝗞 𝗪𝗵𝗶𝗹𝗲 𝗔𝗹𝘁𝗰𝗼𝗶𝗻𝘀 𝗥𝗮𝗹𝗹𝘆

Bitcoin surged past $58,000 as altcoins followed in green, with POPCAT token leading gains at nearly 19%. Ethereum, Dogecoin, and Ripple also saw growth, while Solana bucked the trend with a drop. Experts weigh in on the market’s next moves.

Bitcoin, the king of cryptocurrencies, surged to $58,000 early Thursday, setting the pace for a market-wide rally.

Altcoins like Ethereum, Dogecoin, Ripple, Solana, and Litecoin followed suit, mostly trading in the green as investor sentiment edged toward optimism. The Fear & Greed Index settled at 37, indicating a cautious but improving outlook.

The crypto market's total capitalization hit $2.05 trillion, marking a 2.81% decline in the last 24 hours.

In the altcoin space, POPCAT emerged as the star performer, surging by nearly 19% over 24 hours. On the flip side, Internet Computer (ICP) took the biggest hit, dropping by over 3%.

🔵 Bitcoin reached a value of $58,200.91, recording a 3.01% jump in just 24 hours, as per CoinMarketCap. For Indian traders, BTC hovered around Rs 46.06 lakh, reflecting its upward momentum after some brief dips.

🔵 Ethereum, the second-largest cryptocurrency, registered a price of $2,358.80, climbing 1.49% in 24 hours. In India, ETH was trading at Rs 1.93 lakh, maintaining steady progress in sync with Bitcoin.

🔵 Dogecoin, the meme coin turned serious investment asset, saw a 1.82% increase, priced at $0.1026 globally and Rs 8.12 on Indian exchanges

🔵 Litecoin, often touted as the "silver to Bitcoin's gold," experienced a mild gain of 0.74%, reaching $62.03, while trading at Rs 5,077.50 in India.

🔵 XRP saw a slight 0.96% increase, priced at $0.5372 globally and Rs 44.34 on Indian exchanges, continuing its stable run amid market volatility.

🔵 In contrast to other altcoins, Solana recorded a 2.99% dip, with a price of $134.93. SOL was trading at Rs 10,990.25 in India, bucking the overall market trend.

More Insights on the market:

Edul Patel, CEO of Mudrex, noted, “Bitcoin’s current trajectory points toward testing the $60,000 mark, with strong support now at $56,500. The market’s leaning towards the Democratic party in the recent debate boosted investor confidence, leading to the surge."

The CoinSwitch Markets Desk commented, "US stock indexes rebounded strongly following inflation data, bringing crypto prices along with them. Bitcoin has reclaimed the $58K mark, and positive inflows into ETFs signal institutional interest is rising."

On a cautionary note, Avinash Shekhar, CEO of Pi42, remarked, “Bearish sentiment persists, with net outflows hitting $750 million – the highest since May. Bitcoin’s fall below $56K, combined with a softer US Consumer Price Index (CPI), has stirred uncertainty among investors.”

India's BuyUcoin CEO Shivam Thakral chimed in, "India remains at the forefront of global crypto adoption, despite regulatory challenges. Bitcoin saw a 3.16% rise in the past day, while Solana also gained 2.22%, reflecting strong grassroots enthusiasm in the country."

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