Daily Crypto Update Witness Surge in Top Cryptos

The crypto market has been on a roll for the past week. Top assets, like Bitcoin, are surging toward their all-time highs.

BTC is testing the $69k, with the Fear and Greed Index gradually rising. According to Cointree, the metric is at 72, showing high Greed among traders. Each crypto in the top 10 ranks gained value in 24 hours, besides TRON, which dropped 0.25%.

Even emerging altcoins and meme coins are surging at a reasonable pace. Here is a quick overview of the market to help traders understand it.

Bitcoin

The market leader is trading around $69k, with 1.29% growth in the past 24 hours.

With its weekly growth of 8.20%, it is expected that the coin can comfortably cross the 69k-dollar mark this week. Bitcoin competes with the S&P 500, imitating the record-high run from 2021. 

If the coin breaks through the resistance level at $69,458, it can test 70k dollars this week.

Ethereum

Ethereum closely matches Bitcoin’s footsteps on the weekly mark. The coin has crossed the 2,700 dollar mark and is trading at 2,737 dollars.

Its daily growth is at 3.63%, while its weekly performance chart shows an 8.68% surge. ETH holdings in addresses have surpassed 19 million and are projected to reach 80 million soon. Meanwhile, bulls aim to push the coin above the 2,850-dollar resistance level.

Solana

Solana’s 24-hour growth of 6.29% toppled BTC and ETH. The coin is testing the 170-dollar mark and is currently trading at 169.92 dollars.

Its seven-day growth of 12.43% is also greater than most cryptos within the top 10 ranks. In addition, SOL secured a spot among the top 3 cryptos globally in the previous day’s searches.

Before the conclusion of 2024, it is anticipated that SOL will surpass the 200-dollar mark threshold at its current rate.

Dogecoin

Despite not experiencing significant market development, DOGE has had a tremendous week. The original meme coin has surpassed most emerging tokens with a 32.88% weekly surge.

Dogecoin gained 5.22% on Sunday to cross the 0.14-dollar mark. It now trades at 0.1485 dollars, and it is eyeing the 0.15 dollar mark. Analysts are expecting a new DOGE peak in the upcoming two weeks.

If the coin establishes a new partnership or dishes out new updates, it will certainly test the 0.2 dollar mark shortly.

dYdX

After a long struggle, the L1 protocol token for the dYdX chain has made a comeback. The coin registered a 27.24% growth in 24 hours to comfortably stay above the 1-dollar mark.

It is currently trading at 1.27 dollars and is eyeing the 1.5-dollar mark. There have been no market developments recently at DYDX to boost its price. Since it relies merely on market forces, traders should be cautious before investing heavily in dYdX.