Bitcoin price broke above $65,000 after reacting positively to the US CPI data released today.
At the time of writing this article, Bitcoin price is trading at $64,955, with a 5.85% increase in the last 24 hours.
Gold also increased by more than 1% during the day.
The increase in Bitcoin price was followed by many other altcoins. Ethereum increased by 3.20%, Solana increased by 7.60%, and Toncoin increased by 3.35%. Despite this, altcoins including Ethereum, BNB, XRP and Cardano continue to be in the red zone on their weekly charts.
With the recent rally that carried the BTC price above $65,000, there were major increases in the transaction volumes of some altcoins, according to Binance data. In the last 24 hours, the dominance of memecoins in transaction volumes was observed.
Here is the ranking of the altcoins with the most transaction volume on Binance in the last 24 hours:
- Ethereum (ETH)
- PEPE
- Solana (LEFT)
- Floki Inu (FLOKI)
- dogwifhat (WIF)
- Dogecoin (DOGE)
- BNB
- BOME
- XRP
Floki Inu, in particular, has seen a double-digit increase in trading volume in the last 24 hours.
*This is not investment advice.
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