The crypto market begins the week with a noticeable spike in the price of the majority of the cryptocurrencies. After a long week of correction, the global crypto market appears to have taken a reversal with prices shooting up north as cryptocurrencies in the top category lead the charge.
As a result, the general crypto market cap has grown by almost 2% to $2.63 trillion in the last 24 hours. Bitcoin now trades above $70,000, ETH almost at $3,500, BNB reached $590, and other altcoins like XRP and Solana showing positive movement as well.
Top crypto prices today
Today, April 8, Bitcoin (BTC), the largest cryptocurrency by market cap has grown by 2% to $71,344 according to live data from CoinMarketCap. Consequently, its trading volume has spiked by a significant 18.58% to $23.6 billion. In addition, the BTC market cap now lingers at $1.4 trillion, representing a 3% increase in the last 24 hours.
Ethereum (ETH), the second-largest cryptocurrency in the world is not left behind in the rally. Data from the aforementioned tracker show that ETH is now changing hands at $3.566 signifying a 5.23% increase over the last day. Additionally, its trading volume has surged by 24% to 11.4 billion and the market cap now rests at $428.2 billion.
BNB, the native cryptocurrency of the Binance exchange has also recorded impressive growth within the last day. CoinMarketCap data reveals a 1.46% increase in the last 24 hours, trading at $592. What is more, BNB trading volume has noticeably increased by 12% to $1.4 billion and its market cap now sits at $88.4 billion.
Other altcoins in the top ten list like XRP have grown by 0.64%, trading above the $0.6 mark. The value of the token previously took a dip after an anonymous whale made a substantial transfer of 25 million XRP tokens to Bitstamp. However, the price has made a U-turn, joining other top cryptocurrencies to enjoy gains.
Solana (SOL), the fifth-largest cryptocurrency by market cap now trades at $181. The token has gained 2.09% in the last 24 hours. Similarly, its market cap has grown to $81 billion. Also, the activities involving the token as portrayed in its trading volume have grown by 3% to $2.1 billion.
On the memecoin front, Dogecoin (DOGE) happens to exhibit a similar price trend. Per the tracked data, DOGE has spiked by 0.6% in the last 24 hours to trade at $0.206. Accordingly, the second-largest memecoin Shiba Inu (SHIB), has surged by 1.05% to $0.00002881.
Top gainers on April 8
While the majority of cryptocurrencies are showing a modest increase, some tokens have surged significantly in the last 24 hours. Dogwifsaudihat (WIFSA), a memecoin that has gathered momentum and prominence since its launch, sits atop the top ten trending gainers on April 8.
CooinMarketCap data shows that WIF has surged by a massive 14% within the last day, trading at $0.004749. Other top gainers include Degen (DEGEN), adding about 13% to its value to trade at $0.038, and popular memecoin Pepe (PEPE), growing by 9% to trade at $0.000007566.
