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Today's crypto landscape sees Bitcoin approaching the $66,000 mark, with Ethereum inching closer to $3,200. Altcoins like Cardano, XRP, and Solana are also experiencing notable rebounds. BTC price has risen by 1.01% to $65,777.16, with a trading volume increase of 4.92% to $23.31 billion over the last 24 hours. Its market cap stands at $1.29 trillion. Recent data indicates that around 88.8% of Bitcoin's current supply is profitable, though this figure has declined from its peak earlier this year, reflecting conditions observed on February 7, 2024, when Bitcoin was priced at $44,000. Analysts are closely monitoring whether Bitcoin can sustain its momentum or if a cooling-off period is necessary for market stability. Ethereum's price has seen a 0.54% increase to $3,197.07, with a market valuation of $383.77 billion and a trading volume of $10 billion. Ethereum has formed a base above $2,850 and initiated a recovery, clearing key hurdles near $3,000. Eth price prediction suggests further positive movements in the near term. XRP's price has approached $0.54, rising by 1.63% to $0.5367, though its trading volume has decreased by 10.64% to $1 billion. Despite this, XRP price predictions remain optimistic, signaling potential growth. These movements indicate a positive trend in the crypto market, with Bitcoin and Ethereum leading the way. Altcoins like XRP also show signs of recovery, suggesting overall market optimism.
