The crypto market is showing signs of growth, Bitcoin just misses $100,000, while many tokens are rising and a few are crashing

The global crypto market is showing signs of growth, with Bitcoin just missing $100,000, while many tokens are rising and a few are crashing.

Crypto market shows growth

The global crypto market is showing several signs of growth. This growth has ensured that the total market capitalization in the past week has increased by 7.33%, according to data from CoinGecko. However, the last 24 hours have seen a small contraction, with the market cap falling from $3.669 trillion to $3.662 trillion, marking a decline of 0.19%.

In addition, the Crypto Fear & Greed Index, a key indicator of market sentiment, also rose significantly, jumping from 72 yesterday to 76 today. This means that the index has been moved from ‘Greed’ to ‘Extreme Greed’. This shows that sentiment is increasing significantly after the holidays.

What is the status of Bitcoin?

Since the correction for the holidays, things are going very well again Bitcoin (BTC). At the time of writing, one Bitcoin is worth $99,118, which is an increase of 1.3% in the last twenty-four hours. In the past week, Bitcoin has risen even further, with the percentage increase reaching 5.8%.

Bitcoin Exchange Traded Funds (ETFs) appeared to catalyze the momentum, with $907 million in inflows as of January 3, according to data from CoinGlass, indicating strong institutional support.

How are the altcoins doing?

Ethereum (ETH) remains extremely popular among altcoins with a value of $3,641 and a price gain of 6.7% in the last seven days. However, today the price remains a bit neutral with a small increase of 0.8%. Saw on February 3 ETH ETF’s another inflow of $58.9 million, which catalyzed ETH’s rise.

Met Ripple (XRP) Things are also going well now that the price has risen by more than 15% in the past week to the current level of $2.38. However, today the price has remained neutral with a small increase of 0.3%. This has caused USDT, the stablecoin of Tether, has once again overtaken XRP in terms of market capitalization. This puts XRP back in fourth place.

Which altcoins are moving the fastest?

Among the altcoins there are some interesting cases when it comes to increases and decreases. SPX9000 (SPX) leads the gains with a 14.1% rise in the last 24 hours to $1.50. This is followed by Injective (INJ) up 11.4% to $25.65. The third biggest gainer is Filecoin (FIL) with a rise of 7.1% to $6.02.

There are also some big losers, led by Helium (HNT) down 3.6% to $6.48. Following is Dogwifhat (WIF), down 3.5% to $2.03. Finally, Bonk (BONK) follows with a 2% decline to $0.00003378.

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