Cryptocurrency Price Today: Bitcoin Hits $102,500, Lido DAO Leads Gains - Read Now
The cryptocurrency market continues to showcase dynamic trends as Bitcoin (BTC) briefly surged past $102,500 on Friday before retreating to $99,900. The global market cap stood at $3.61 trillion, marking a 0.88% decline over the last 24 hours. Among the altcoins, Lido DAO (LDO) emerged as the top gainer with a 15% jump, while Algorand (ALGO) was the biggest loser, falling nearly 10%.
Bitcoin Price Today: Key Levels
Bitcoin price hit a high of $102,500 early Friday before retracing to $99,913, registering a 0.96% 24-hour loss, according to CoinMarketCap.
- Support Levels: Bitcoin has strong support at $98,600 and $99,750.
- Resistance Levels: BTC faces resistance at $101,930 and $103,700.
According to Mudrex CEO Edul Patel, "Bitcoin’s movement reflects profit-taking after its recent high. However, broader market activity remains strong, supported by institutional interest."
Ethereum and Other Altcoins Performance
Ethereum (ETH), the second-largest cryptocurrency, saw a minor dip of 0.75%, trading at $3,912.83. Other popular altcoins, including Solana (SOL), Ripple (XRP), and Dogecoin (DOGE), recorded minor losses.
- Ethereum: Trading at $3,912.83, down 0.75%.
- Solana: Trading at $226.29, down 2.77%.
- Ripple: Trading at $2.34, down 4.65%.
- Dogecoin: Trading at $0.4074, down 3.62%.
Top Crypto Gainers Today
The standout performer of the day was Lido DAO (LDO), gaining 14.46% in 24 hours. Other notable gainers include Virtuals Protocol (VIRTUAL) and Aave (AAVE).
- Lido DAO (LDO): $2.28 (+14.46%)
- Virtuals Protocol (VIRTUAL): $2.16 (+13.28%)
- Aave (AAVE): $381.12 (+11.03%)
- Ethereum Name Service (ENS): $43.91 (+8.07%)
- Avalanche (AVAX): $53.10 (+6.94%)
Top Crypto Losers Today
Among the losers, Algorand (ALGO) experienced the steepest decline, falling by 9.51%.
- Algorand (ALGO): $0.4227 (-9.51%)
- Movement (MOVE): $0.6346 (-9.24%)
- Bittensor (TAO): $572.93 (-8.82%)
- Fantom (FTM): $1.22 (-6.59%)
- Beam (BEAM): $0.03575 (-6.53%)
Market Sentiment and Insights
The Market Fear & Greed Index stood at 78, indicating "Greed," as bullish sentiment dominates the market. Institutional confidence remains strong, with Bitcoin ETFs reporting a net inflow of $50.5 billion in their first year.
CoinSwitch Markets Desk noted, "Defi-based coins like Lido DAO, Aave, and Chainlink are leading the bullish trend, supported by positive inflows in BTC and ETH ETFs for over 10 consecutive days."
Solana’s Remarkable Growth
Solana (SOL) is emerging as a strong contender in the crypto space, particularly among new developers. The blockchain recorded an impressive 83% annual growth, surpassing Ethereum for the first time since 2016, according to Electric Capital.
Shivam Thakral, CEO of BuyUcoin, said, "Solana’s growth highlights its rising appeal in the crypto space, driven by developer interest and strong ecosystem support."
Expert Outlook on Bitcoin and the Market
Avinash Shekhar, Co-founder & CEO of Pi42, stated, "Bitcoin’s recent surge past $100,000 underscores its dominance and resilience. With altcoins also showing impressive gains, the market reflects growing diversification."
Sathvik Vishwanath, CEO of Unocoin, added, "The broader market remains optimistic, with Bitcoin breaking key resistance levels and the global market cap nearing $4 trillion. Investors should monitor upcoming CPI data and central bank policies."
Also Read: Inventurus Knowledge Solutions IPO: Subscription Status, GMP, and Should You Invest?
