This afternoon, the Bitcoin price made a sharp move toward the $109,000 level—briefly breaking above it before being rejected. Despite the minor pullback, the overall crypto market is seeing green, thanks to a strong performance by Ethereum and a surge in investor optimism.
Market Snapshot: Bitcoin, Ethereum, and ETF Inflows
Bitcoin continues to hover just below its all-time high, needing only a 2.8% gain to reach a new record. Contributing to this momentum are massive inflows into U.S. Bitcoin ETFs, which brought in $216.5 million yesterday. Meanwhile, asset manager Strategy announced plans to raise billions for further Bitcoin investment.
Ethereum is also riding high, with a 1.5% daily increase and $62.1 million in ETF inflows. The broader altcoin market is gaining strength from this positive sentiment.
Bitcoin Fork Coins Lead the Gains
Among the strongest-performing segments today are “Bitcoin fork” cryptocurrencies—projects that originated from the original Bitcoin blockchain but have taken different directions. This category is now worth $10.9 billion and gained 2.3% in the past 24 hours.
Top 5 Altcoin Gainers (24h)
- Cronos: +16.5% – $0.094
- Pudgy Penguins: +3.1% – $0.0152
- Uniswap (UNI): +0.8% – $7.54
- Bitcoin Cash (BCH): +0.8% – $503.70
- Shiba Inu (SHIB): +0.7% – $0.0000118
Cronos is leading the pack after Donald Trump’s Truth Social filed for a new crypto ETF including BTC, ETH, Solana, XRP—and Cronos. The news fueled investor excitement and pushed the price higher.
Key Market Stats (24h)
- Bitcoin Price: $108,571 (+0.3%)
- Total Market Cap: $3.42 trillion (+0.3%)
- 24h Trading Volume: $83.8 billion (+8.9%)
- Bitcoin ETF Inflows (Yesterday): +$216.5 million
- Altcoin Season Index: 24/100 (Still Bitcoin season)
Sources: CoinGecko & Farside Investors
Top 5 Altcoin Losers (24h)
The biggest losers today include coins that recently enjoyed rapid gains. These corrections are normal but notable:
- Fartcoin: –11.3% – $1.04
- Tokenize Xchange: –11.1% – $14.30
- Hyperliquid: –4.8% – $37.70
- Virtuals Protocol: –3.3% – $1.45
- Jupiter: –3.2% – $0.426
Tokenize Xchange has been under pressure recently due to concerns about its credibility, while Fartcoin and Hyperliquid are cooling off after big runs in late May.
