Cryptocurrencies saw solid gains over the past 24 hours, thanks to strong inflows into Bitcoin and Ethereum Spot ETFs in the U.S. and a weaker Dollar boosting overall market sentiment. Around 40 of the top 100 cryptocurrencies are trading higher, with gains of over 1% overnight.

On Thursday, Bitcoin Spot ETFs in the U.S. attracted $475 million in investments, a sharp jump from the $338 million in outflows seen on Tuesday. Similarly, Ether Spot ETFs saw inflows rise to $117 million on Thursday, compared to $54 million earlier in the week. Among Bitcoin ETFs, Fidelity’s Wise Origin Bitcoin Fund led with $254 million in inflows, followed by Ark 21Shares Bitcoin ETF with $187 million and iShares Bitcoin Trust at $57 million.

The Dollar Index, which measures the U.S. Dollar’s strength against other major currencies, has dipped slightly to 107.98 from its recent 25-month high of 108.54 recorded last week. This weakness has been favorable for crypto markets.

The overall cryptocurrency market now boasts a total value of $3.36 trillion, adding nearly 0.5% overnight. Stablecoins, known for their low volatility, also saw a modest rise of 0.27% in market value, reaching $213.6 billion and accounting for 6.4% of the crypto market.

Decentralized Finance (DeFi) tokens experienced stronger growth, adding 2.1% overnight to hit a market cap of $152.4 billion, representing 4.6% of the overall market share. Meanwhile, meme-based cryptocurrencies gained 1.6%, reaching a value of $96.1 billion, or 2.9% of the market. AI and Big Data-focused tokens also saw solid growth, climbing 2.7% to a total valuation of $51.7 billion, making up 1.5% of the market.

The CoinMarketCap 100 Index, which tracks the top 100 cryptocurrencies (excluding stablecoins), stands at 205.06. The index has fluctuated this year between a high of 234.54 in December and a low of 89.94 in January.

The Crypto Fear and Greed Index—a measure of investor sentiment—currently reads “Neutral” at 54. This is a drop from “Greed” (63) seen a day earlier and a notable decline from “Extreme Greed” (85) a month ago.

Bitcoin edged up slightly by 0.16% overnight to trade at $96,217.73, which is still around 11% below its all-time high of $108,268.45 set in December. Over the past week, Bitcoin has gained 1.4%, with a year-to-date increase exceeding 127%. In the last 24 hours, Bitcoin prices ranged between $97,294.85 and $94,603.55.

Ethereum rose by 0.5% overnight to trade at $3,381.64 but remains approximately 31% below its peak price. Weekly gains for Ethereum stand at over 2.5%, while it has climbed more than 48% so far in 2024. Over the past day, Ethereum traded between $3,436.71 and $3,302.31.

Other notable moves include XRP dropping slightly by 0.05% to $2.18—still about 43% below its all-time high—while Binance Coin (BNB) gained 1.4%, trading at $702.70 but remaining 11% off its peak value.

Solana (SOL) added 0.9%, taking its weekly gain to 3.1%, and is currently priced at $190.09—28% below its record high. Dogecoin (DOGE) increased by 0.8%, trading at $0.3179 but still significantly lower—57%—than its peak value.

Cardano (ADA) climbed by 2% overnight to trade at $0.8905 but continues to be down by a massive 71% from its all-time high.

TRON (TRX) posted a strong gain of 4.3%, now trading at $0.2633, with a weekly increase of nearly 10%. However, it remains 40% below its record price.

Among lesser-known tokens, Virtuals Protocol (VIRTUAL) soared by an impressive 19.5%, leading the overnight gainers list. Fartcoin (FARTCOIN) followed closely with a jump of 17.7%, while Bitget Token (BGB) rose by 15%.

On the losing end, FTX Token (FTT) dropped sharply by 8.8%, followed by XDC Network (XDC) and Zcash (ZEC), which fell by more than 8% and 7%, respectively.

The crypto market continues to show resilience as investor interest picks up across various categories, though risks and volatility remain ever-present for traders and enthusiasts alike!