Bitcoin and Altcoins Experience Mixed Performance in Today's Trading Session (2024)

As the cryptocurrency market continues to grow and evolve, it’s important to stay updated on the most traded cryptocurrencies of the day. Here’s a look at the top 20 most traded cryptocurrencies as of today:

1. Bitcoin (BTC)

Bitcoin continues to hold the top spot as the most traded cryptocurrency of the day. With a market cap of over $600 billion, Bitcoin remains the most influential cryptocurrency in the market.

2. Ethereum (ETH)

Ethereum has consistently been one of the most traded cryptocurrencies, thanks to its smart contract capabilities and decentralized platform. With a market cap of over $300 billion, it’s no surprise that Ethereum is a top contender.

3. Binance Coin (BNB)

Binance Coin has seen a surge in trading volume, thanks to its utility token status on the popular Binance exchange. With a market cap of over $60 billion, Binance Coin is a force to be reckoned with.

4. Ripple (XRP)

Ripple has remained a popular choice for traders, with its focus on cross-border payments and partnerships with major financial institutions. With a market cap of over $30 billion, Ripple continues to be a top traded cryptocurrency.

5. Cardano (ADA)

Cardano has gained attention for its focus on sustainability and scalability, making it a popular choice among traders. With a market cap of over $30 billion, Cardano is making waves in the cryptocurrency market.

6. Dogecoin (DOGE)

Dogecoin has seen a surge in trading volume, thanks to its community-driven approach and social media buzz. With a market cap of over $30 billion, Dogecoin remains a top contender in the cryptocurrency market.

7. Polkadot (DOT)

Polkadot has gained attention for its focus on interoperability and scalability, making it a top choice for traders. With a market cap of over $20 billion, Polkadot continues to be a popular cryptocurrency in the market.

8. Litecoin (LTC)

Litecoin has remained a popular choice for traders, thanks to its fast transaction times and low fees. With a market cap of over $10 billion, Litecoin continues to be a top contender in the cryptocurrency market.

9. Chainlink (LINK)

Chainlink has seen a surge in trading volume, thanks to its focus on decentralized oracle networks. With a market cap of over $10 billion, Chainlink is making waves in the cryptocurrency market.

10. Bitcoin Cash (BCH)

Bitcoin Cash has remained a top traded cryptocurrency, thanks to its focus on fast and inexpensive transactions. With a market cap of over $10 billion, Bitcoin Cash continues to be a popular choice for traders.

11. Stellar (XLM)

Stellar has gained attention for its focus on international remittances and microtransactions, making it a popular choice among traders. With a market cap of over $5 billion, Stellar is a force to be reckoned with.

12. VeChain (VET)

VeChain has seen a surge in trading volume, thanks to its focus on supply chain management and enterprise solutions. With a market cap of over $5 billion, VeChain continues to be a top contender in the cryptocurrency market.

13. Ethereum Classic (ETC)

Ethereum Classic has remained a popular choice for traders, thanks to its compatibility with the Ethereum network. With a market cap of over $3 billion, Ethereum Classic continues to be a top traded cryptocurrency.

14. USD Coin (USDC)

USD Coin has gained attention for its stability and backing by the US dollar, making it a popular choice among traders. With a market cap of over $3 billion, USD Coin is making waves in the cryptocurrency market.

15. Tron (TRX)

Tron has seen a surge in trading volume, thanks to its focus on decentralized content and entertainment platforms. With a market cap of over $3 billion, Tron remains a popular choice for traders.

16. Monero (XMR)

Monero has remained a top choice for traders, thanks to its focus on privacy and anonymity. With a market cap of over $3 billion, Monero continues to be a popular cryptocurrency in the market.

17. Theta Network (THETA)

Theta Network has gained attention for its focus on decentralized video streaming and content delivery. With a market cap of over $3 billion, Theta Network is a force to be reckoned with.

18. Filecoin (FIL)

Filecoin has seen a surge in trading volume, thanks to its decentralized storage and data retrieval network. With a market cap of over $3 billion, Filecoin is making waves in the cryptocurrency market.

19. Neo (NEO)

Neo has remained a popular choice for traders, thanks to its focus on smart contracts and digital identities. With a market cap of over $3 billion, Neo continues to be a top contender in the cryptocurrency market.

20. Tezos (XTZ)

Tezos has gained attention for its focus on self-amending blockchain and decentralized governance. With a market cap of over $3 billion, Tezos is a popular choice among traders.

Here is a list of the top 50 trending cryptocurrencies of the day:

  1. Bitcoin (BTC)
  2. Ethereum (ETH)
  3. Binance Coin (BNB)
  4. Ripple (XRP)
  5. Cardano (ADA)
  6. Dogecoin (DOGE)
  7. Polkadot (DOT)
  8. Litecoin (LTC)
  9. Chainlink (LINK)
  10. Bitcoin Cash (BCH)
  11. Stellar (XLM)
  12. VeChain (VET)
  13. Ethereum Classic (ETC)
  14. USD Coin (USDC)
  15. Tron (TRX)
  16. Monero (XMR)
  17. Theta Network (THETA)
  18. Filecoin (FIL)
  19. Neo (NEO)
  20. Tezos (XTZ)
  21. Aave (AAVE)
  22. Uniswap (UNI)
  23. PancakeSwap (CAKE)
  24. Solana (SOL)
  25. Elrond (EGLD)
  26. Maker (MKR)
  27. Compound (COMP)
  28. Bitcoin SV (BSV)
  29. Dash (DASH)
  30. Zcash (ZEC)
  31. Algorand (ALGO)
  32. The Graph (GRT)
  33. Decred (DCR)
  34. NEM (XEM)
  35. Chiliz (CHZ)
  36. BitTorrent (BTT)
  37. Shiba Inu (SHIB)
  38. THORChain (RUNE)
  39. Horizen (ZEN)
  40. Qtum (QTUM)
  41. Hedera Hashgraph (HBAR)
  42. Ontology (ONT)
  43. Enjin Coin (ENJ)
  44. Siacoin (SC)
  45. KuCoin Token (KCS)

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Bitcoin and Altcoins Experience Mixed Performance in Today's Trading Session (2024)

FAQs

Why is Bitcoin fluctuating so much today? ›

Supply and Demand Dynamics

Bitcoin's design comes with a fixed supply, capped at 21 million coins, making it a deflationary asset. This limitation can lead to significant price swings as demand fluctuates. The process of reaching the 21 million bitcoin cap is governed by a mechanism called halving.

Why do cryptocurrencies fluctuate together? ›

Cryptocurrencies are heavily influenced by general market sentiment. Studies have shown that investors are more likely to turn towards crypto during uncertain times. This means that news headlines can impact the entire cryptocurrency market!

What session does Bitcoin move the most? ›

Crypto traders have long debated the best time to trade cryptocurrencies. According to data from on-chain data provider Skew, 3 - 4 PM UTC is when cryptocurrency trading is most intense.

What is the relationship between Altcoins and the cryptocurrency? ›

"Altcoin" is a combination of the two words "alternative" and "coin." The term generally includes all cryptocurrencies and tokens that are not Bitcoin. Altcoins belong to the blockchains for which they were explicitly designed. Many are forks—creating a blockchain from another chain—from Bitcoin and Ethereum.

What's driving Bitcoin up? ›

The catalyst behind this surge is the U.S. Securities and Exchange Commission's (SEC) approval of spot Bitcoin ETFs. These instruments allow investors to buy into Bitcoin without the complexities of direct crypto ownership, with each ETF share backed by real Bitcoin.

Is crypto going up or down today? ›

The global cryptocurrency market cap today is $2.79 Trillion, a +1.26% change in the last 24 hours.

Why does all crypto go up and down at the same time? ›

If there is a high demand, but low supply, the price goes up. If there is a low demand, but a high supply, the price goes down. It's this relationship between the two that determines the price of cryptocurrencies.

Which cryptocurrency fluctuates the most? ›

The most volatile tokens around
CoinRankVolatility 1M
BITCOIN34720.50%
FER75620.23%
RFOX75720.06%
MEV72519.58%
49 more rows

Why crypto is surging again? ›

The crypto market is surging as investors react to a torrent of good news. ETH has skyrocketed 19% in 24 hours to surpass $3,700, while Bitcoin has crossed $71,000, up nearly 8%. Bitcoin (BTC) soared above $71,000 early Tuesday, reaching its highest level since early April, while Ether jumped more than 19% to $3,700.

What time is Bitcoin most active today? ›

Cryptocurrencies are most commonly traded between 8am to 4pm in local time.

What time of day is crypto highest? ›

The best time of day to trade cryptocurrency is usually in the market's peak trading hours, which are between 8am to 4pm in local time, when there is the highest volume of trading. While the cryptocurrency market is 24/7, your trades are more likely to be executed when there is the highest level of activity.

What day of the week is Bitcoin most volatile? ›

The day-of-the-week effect is present in both the returns and volatility of Bitcoin. Mondays are associated with higher returns and volatility in Bitcoin prices. Attention to Bitcoin varies significantly across weekdays. This effect has evolved along with the gradual recognition of Bitcoin worldwide.

Do altcoins go down when Bitcoin goes up? ›

But when bitcoin dominance is going up, it works the other way around: the king takes the reins and the altcoins bow down – so in those periods, you'd have been way better off just owning bitcoin.

What are the top 5 altcoins? ›

  • Ethereum (ETH) Market cap: $362.2 billion. ...
  • BNB (BNB) Market cap: $86.2 billion. ...
  • Solana (SOL) Market cap: $66.1 billion. ...
  • XRP (XRP) Market cap: $29.0 billion. ...
  • Dogecoin (DOGE) Market cap: $21.5 billion. ...
  • Toncoin (TON) Market cap: $20.2 billion. ...
  • Cardano (ADA) Market cap: $15.8 billion. ...
  • Shiba Inu (SHIB) Market cap: $13.5 billion.
3 days ago

Do altcoins outperform Bitcoin? ›

The price of Bitcoin has grown 54% since the start of 2024, and only six altcoins from the top 50 have done any better.

Why does my Bitcoin amount keep changing? ›

Bitcoin's price changes because of its supply, the market's demand, media and news, and regulatory changes. Some research suggests that the cost of producing a bitcoin also influences its prices, but most reports used assumed data rather than facts.

Why is BTC falling? ›

The price of Bitcoin fell as market participants shrugged off the spot Bitcoin and Ether ETFs in Hong Kong. BTC dropped by about 5% from its daily high of $64,734. The selling momentum further pushed down the BTC price from yesterday's levels due to high leverage and expectations of a relief rally.

Why has Bitcoin suddenly gone up? ›

A major factor in bitcoin's rise since the start of the year has been the approval by the US financial regulator in January of exchange-traded funds [ETFs] – a basket of assets that can be bought and sold like shares on an exchange – that track the price of bitcoin.

Will BTC rise again? ›

Based on your price prediction input for Bitcoin, the value of BTC is projected to increase by 5%, potentially reaching $ 71,240.45 in the next 30 days.

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