Crypto Market Surge: Virtual Protocol (VIRTUAL) Rises 16.5% Amid Bitcoin’s Historic Break Above $101K

The cryptocurrency market is experiencing a notable upswing, with bitcoin (btc) leading the charge as it trades above $101,500. This positive momentum is mirrored across several major Altcoins, which have exhibited gains ranging from 2% to 5% over the past day. Notably, Virtual Protocol (VIRTUAL) and Core (CORE) have emerged as standout performers, surging by 16.5% and 10.5%, respectively.

Currently, the global cryptocurrency market capitalization has reached approximately $3.7 trillion, reflecting a 2.5% increase over the last 24 hours. However, despite this growth in market cap, trading volumes have seen a decline of around 19.5%, settling at $172 billion. This brings us to an analysis of some of the leading cryptocurrencies by market capitalization and their recent price movements.

Bitcoin has once again surpassed the significant $100,000 mark, trading at approximately $101,500. ethereum (eth) has also seen a modest rise of 2%, while XRP has recorded a more substantial gain of 5.5%. Additionally, top meme coins have shown resilience, posting gains between 2.5% to 3.5% over the last day. Looking ahead, financial firm VanEck has predicted new all-time highs for Bitcoin, Ethereum, and solana by 2025, driven by increasing U.S. adoption, technological innovations, and enhancements in blockchain through AI integration.

As of today, Bitcoin is trading at around $101,500, marking a 3.5% increase in the past 24 hours. The 24-hour trading range for Bitcoin has been between $99,000 and $102,000. The cryptocurrency’s market capitalization now stands at roughly $2 trillion, supported by a trading volume of $57 billion. Bitcoin continues to assert its dominance in the crypto market, maintaining a strong hold at 55%.

In the ETF market, Bitcoin-related exchange-traded funds have seen varied activity. Farside Investor reported an inflow of $34 million into Bitcoin ETFs last Friday. Meanwhile, Fidelity has added $59 million worth of Bitcoin ETFs to its portfolio, indicating robust institutional interest. Conversely, Grayscale has experienced a significant outflow of $99 million, highlighting divergent trends within this investment space.

In other developments, Frank Ahlgren, a Bitcoin investor from Austin, Texas, has been sentenced to two years in prison for tax fraud. Ahlgren failed to report $3.8 million in gains from Bitcoin investments, underscoring ongoing challenges in tax compliance within the cryptocurrency ecosystem.

Turning to Ethereum, ETH is trading at approximately $3,915, marking a slight increase from the previous day’s levels. Over the last 24 hours, Ethereum’s trading range has been between $3,870 and $3,965. Over the past month, Ethereum has demonstrated impressive growth, with a 21.5% increase and sustained market momentum. Its market cap is now estimated at $470 billion, with a trading volume of $33 billion. In terms of ETFs, Ethereum has attracted $13.5 million in inflows, with Grayscale and Fidelity each contributing $6.75 million. However, the market is still awaiting data from BlackRock’s ETF offerings.

XRP is currently trading at $2.42, reflecting a 5.5% increase over the last 24 hours. The 24-hour trading range for XRP has been between $2.28 and $2.46. With a market capitalization of $139 billion and trading volumes at $8.5 billion, XRP ranks as the fourth-largest cryptocurrency by market cap. Crypto analyst Dark Defender has identified critical price targets for XRP following the completion of a bull flag pattern, suggesting the possibility of further upward movement.

Solana (SOL) is trading at around $225, experiencing a slight 1.5% decline in the last 24 hours. The trading range for Solana has been between $219 and $226. With a market cap of $107 billion and a trading volume of $3.9 billion, Solana continues to attract attention from analysts, who foresee a potential 100% surge driven by bullish market trends. The platform’s increasing appeal to developers and investors alike is expected to fuel this anticipated growth.

In the realm of meme cryptocurrencies, Dogecoin (DOGE) has risen by 2.5%, trading at $0.40, while Shiba Inu (SHIB) has gained 3.5%, reaching a price of $0.00002850. Other notable meme coins such as PEPE, BONK, and FLOKI have also seen increases, ranging from 2.5% to 4.5% over the last 24 hours, indicating a positive trend in this segment.

Virtual Protocol has captured the spotlight as the top gainer of the day, with its price climbing by 16.5% to $2.52. Over the past week, Virtual Protocol has surged by 41%, and an impressive 629% over the last month. This upward trajectory follows the announcement of its listing on Binance, one of the world’s leading cryptocurrency exchanges, which has significantly boosted investor interest and market activity.

Core has also achieved notable gains, with a 10.5% increase over the last 24 hours. Trading at $1.48, Core’s market performance aligns with the overall bullish sentiment prevailing in the crypto market.

On the downside, Aerodrome Finance has emerged as the weakest performer, with its price declining by 4.5% to $2.08. Despite this setback, the broader market outlook remains positive for most other cryptocurrencies, with Lido Dao experiencing a 3.5% dip to $2.22 amid a generally favorable market environment.

Overall, the cryptocurrency market is displaying a bullish trend, with Bitcoin and major altcoins maintaining their strength on hourly charts. XRP, showing a 1.5% increase over the last 24 hours, is contributing to this positive momentum and reflecting the resilience of key cryptocurrencies in the current market landscape.