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Bitcoin gunning for the all-time high while LUNA and TRX turn bullish

Bitcoin

TL;DR Breakdown

  • Bitcoin is about to breach its All-time high, the current price at $64,800.
  • LUNA and TRX are up by 8% and 3%, respectively.

Bitcoin today remains bullish, trying to reach its all-time high at $64.8k. BTC is currently just 1.56% below its ATH, trading at $63.8k. The coin surged after the listing of the ProShares ETF on the New York Stock Exchange (NYSE). 

In the past 24 hours, Bitcoin rose by 2.61%, completely recovering from the bearish trend that we witnessed in May. The trading volume of the king crypto is $36.5 billion, down by 2.06% in the last 24 hours. 

Bitcoin about to breach ATH while ETH gradually surges

The dominance of the coin remains at 47.53%. As BTC continued to rise to newer levels, altcoins didn’t show much life. However, Ethereum rose by more than $50 on Wednesday morning but is still 11.37% down from its all-time high. 

Bitcoin gunning for the all-time high while LUNA and TRX turn bullish 1
Source: Tradingview

Comparing the top 2 cryptocurrencies, the market capitalization of ETH stands at $456 billion, and the dominance rate is 17.98%, while Bitcoin’s market capitalization today is $1.2 trillion, up by 2.57%.

Bitcoin gunning for the all-time high while LUNA and TRX turn bullish 2
Source: Tradingview

LUNA and TRX prices surge

The LUNA token rose by 8.09% in the last 24-hours while the trading volume for the token surged by 61.11%, currently at $807 million, which means that investors are actively investing in LUNA. 

On the other hand, Tron rose by 2.98% in the last 24-hours, opening Wednesday on a bullish note. If the trend continues, we will see prices resistances being left in the dirt. The trading volume for the TRX token rose by 21.08% and is currently at $1.6 billion, making it one of the most actively traded tokens today. 

ETH killers like Cardano (ADA) and Solana (SOL) also rose by more than 1%. ADA trading volume surged by 14.05%, currently at $3.1 billion, whereas the SOL volume increased by 4.5%, currently at $1.4 billion.

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Anisha Pandey

Anisha Pandey

A professional content creator, Anisha has ghostwritten ebooks on blockchain technology and cryptocurrencies. Consistently sharpening her writing skills, she believes in achieving results by working diligently and smartly.

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