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Reading: Crypto Market Starts the Week on a Positive Note: Bitcoin and Altcoins Rise!
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Deythere > News > News > Crypto Market Starts the Week on a Positive Note: Bitcoin and Altcoins Rise!
News

Crypto Market Starts the Week on a Positive Note: Bitcoin and Altcoins Rise!

Crypto Market Starts the Week on a Positive Note featuring Bitcoin Ethereum and other altcoin symbols like Solana and XRP risi
Alessia Moretti
Last updated: November 4, 2024 10:27 am
By
Alessia Moretti
Published November 4, 2024
2 Min Read
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The crypto market is showing signs of recovery as it begins the week with a positive outlook following weekend turbulence. Bitcoin (BTC) has reclaimed the $69,000 level, while leading altcoins like Ethereum (ETH), Solana (SOL), and XRP have posted gains around 1%. Among standout performers are Goatseus Maximus (GOAT) and MAGA (TRUMP), both soaring by 25%.

Contents
  • Bitcoin and Leading Altcoins Show Gains
  • Investors Adjust Strategies Amid Market Volatility

Bitcoin and Leading Altcoins Show Gains

At the start of the trading week, Bitcoin surpassed the $69,000 mark. Ethereum approached $2,500, with Solana and XRP delivering modest gains that lifted investor sentiment. Bitcoin’s market cap reached $1.37 trillion today, while Ethereum’s valuation rose to $298.11 billion. According to Sosovalue data, spot Bitcoin ETFs in the U.S. saw an inflow of $2.22 billion over the week, signaling strong institutional interest.

Solana’s market cap stood at $76.68 billion, with SUI emerging as a top-performing altcoin that rewarded its investors. The total crypto market cap grew by 0.89%, reaching $2.3 trillion, while trading volume surged by 53% to $75.4 billion. Gains in GOAT and TRUMP coins further contributed to the market’s positive atmosphere.

BTC 1D graph coinmarketcap

Investors Adjust Strategies Amid Market Volatility

Whale Alert data reveals significant whale activity in the Bitcoin market. Minor declines in BTC and ETH on hourly charts have led some investors to adopt a more cautious stance. This volatility might encourage strategic adjustments as investors monitor trends closely.

Experts advise caution amid market fluctuations, urging investors to stay vigilant and track the latest movements. Dey There continues to bring timely insights as crypto markets evolve.

Bitcoin, crypto market, altcoins, Ethereum, Solana

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ByAlessia Moretti
Alessia Moretti is a blockchain and cryptocurrency analyst with 7 years of experience in the field. With a strong foundation in economics and a passion for technology, Alessia has been involved in a variety of international blockchain projects, focusing on the development of decentralized applications and financial products. Her work is characterized by a deep understanding of both the technical and economic aspects of blockchain technology. At DT NEWS, Alessia provides readers with in-depth analysis of global blockchain trends and market movements, helping them stay informed about the future of digital finance.
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