• Bitcoin is hovering above $10,400, critical $10,700 limits the downside.
  • Ethereum Classic (ETC) is the growth leader of the day.

The cryptocurrency market has recovered significantly since the beginning of the week. Bitcoin and all major altcoins are on the rise amid the improved sentiments. While a currency crisis in Argentina might have served as an initial trigger that set the bullish ball rolling; however, now the market is driven by a new wave of optimism. The total market capitalization increased to $265 billion, while an average daily trading volume increased to $57 billion; notably, Bitcoin's market dominance spiked above $70.0% for the first time since the beginning of 2017.

Top-3 coins  price overview

At the time of writing, BTC/USD is changing hands at $10,414, with over 6% gains on a day-on-day basis. The first digital asset came close to $10,500; however this barrier remains unbroken so far. A sustainable move above $10,700 will embolden Bitcoin bulls.

Ethereum, the second-largest digital asset with the current market capitalization of $19.2 billion, is changing hands at $178.40. The coin has gained 4% on a day-on-day basis amid global recovery on the cryptocurrency market.

Ripple's XRP has broken above its recent channel, but the upside momentum seems to be limited. The third largest coin with the current market value of $11.2 billion has gained 2.2% on a day-on-day basis to trade at $0.2616 by press time.

Read also: Cryptocurrencies price prediction: Bitcoin Cash, Ripple & Ethereum Classic - Asian Wrap 03 Sept

The biggest altcoin market-movers

Ethereum Classic (ETC) retains the position of a growth leader with over 7% of gains on a day-on-day basis. ETC/USD is changing hands at $6.73. 

Read also: Binance launches ‘Binance X’, aims at building open-source crypto software


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

SEC Crypto Task Force plans to establish digital asset regulatory sandbox

SEC Crypto Task Force plans to establish digital asset regulatory sandbox

The Securities & Exchange Commission's (SEC) Crypto Task Force met with El Salvador's National Commission on Digital Assets (CNAD) representatives to discuss cross-border regulation and a proposed cross-border sandbox project.

DeFi Dev Corp buys additional 65,305 SOL amid broader institutional interest: Solana price slides below $150

DeFi Dev Corp buys additional 65,305 SOL amid broader institutional interest: Solana price slides below $150

Solana (SOL) price faces growing overhead pressure and slides below $150 to trade at $148 at the time of writing on Thursday. The sudden pullback follows the crypto market's edging higher on improving investor sentiment, which saw SOL climb to $154 on Wednesday. 

Uniswap Price Forecast: UNI whale moves 9 million tokens to Coinbase Prime

Uniswap Price Forecast: UNI whale moves 9 million tokens to Coinbase Prime

Uniswap (UNI) price hovers around $5.92 at the time of writing on Thursday, having rallied 12.8% so far this week. According to Wu Blockchain, data shows that the address potentially related to the Uniswap team, investor, or advisor transferred 9 million UNI to the Coinbase Prime Deposit on Thursday.

Tron DAO announces $70B USDT supply: Here's how TRX price could react

Tron DAO announces $70B USDT supply: Here's how TRX price could react

TRON’s USDT circulation just surpassed $70 billion, signaling rising network utility as TRX price approaches a technically significant breakout. On Wednesday, TRON DAO confirmed that the circulating supply of Tether (USDT) on its blockchain has surpassed $70 billion.

Bitcoin Weekly Forecast: BTC holds steady, Fed warns of tariffs’ impact, as Gold hits new highs 

Bitcoin Weekly Forecast: BTC holds steady, Fed warns of tariffs’ impact, as Gold hits new highs 

Bitcoin price consolidates above $84,000 on Friday, a short-term support that has gained significance this week. The world's largest cryptocurrency by market capitalization continued to weather storms caused by US President Donald Trump's incessant trade war with China after pausing reciprocal tariffs for 90 days on April 9 for other countries. 

Read full analysis
The Best brokers to trade EUR/USD

The Best brokers to trade EUR/USD

SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.

Read More

BTC

ETH

XRP