Crypto Market Surges: Bitcoin, Ethereum Lead Rally, Altcoins Mixed

The cryptocurrency market has experienced significant fluctuations in the past 24 hours. Bitcoin has risen by 1.15%, while Ethereum has surged by 2.16%. The market capitalization of Ethereum now stands at $401.22 billion. Altcoins such as BNB, XRP, Cardano, and Dogecoin have also witnessed notable changes in their value.

Cryptocurrency Market Watch: Bitcoin and Ethereum Surge, Altcoins Show Mixed Performances

Overview

The cryptocurrency market has witnessed a positive surge in the past 24 hours, with Bitcoin and Ethereum leading the gains. The total market capitalization has increased by 1.08% to $2.53 trillion.

Bitcoin (BTC)

Bitcoin has surged by 1.15% over the past 24 hours, currently trading at $68,016.32. Despite this gain, it remains 3.17% down compared to last week.

Ethereum (ETH)

Ethereum, the second most popular cryptocurrency, has experienced a more significant rise, climbing by 2.16% since yesterday. It is now trading at $3,346.63, representing a 5.17% decrease from last week. Its market capitalization stands at an impressive $401.22 billion.

Altcoins

Altcoins, or alternative cryptocurrencies to Bitcoin, have displayed a mixed performance.

• Binance Coin (BNB): BNB has gained 2.50% since yesterday, reaching $584.73. However, it remains 3.87% lower from the previous week.
• XRP: XRP has risen by 1.30% in the past 24 hours, touching $0.55. Nevertheless, it has declined by 5.70% over the past week.
• Cardano (ADA): ADA is currently trading at $0.55, reflecting a 1.48% increase since yesterday.
• Dogecoin (DOGE): DOGE has witnessed a 4.19% gain, pushing its price to $0.11.

Other Tokens

• Solana (SOL): SOL has dropped by 10.85% since last week, despite a 1.94% rise in the past 24 hours to $177.37.
• Polka Dot (DOT): DOT has fallen by 12.35% over the past week, currently trading at $8.47 with a 2.95% daily increase.
• Shiba Inu (SHIB): SHIB has declined by 10.97% in the last seven days, despite a 2.8% gain today to $0.000022.
• Polygon (MATIC): MATIC has dipped by 10.57% since last week, trading at $0.88 with a 2.12% daily increase.

Gainers and Losers

Gainers (Top 5)

• Core (COR): +13.11%, $2.64
• ORDI: +8.76%, $64.05
• Pendle (PENDLE): +8.48%, $6.70
• Injective (INJ): +8.05%, $34.12
• NEAR Protocol (NEAR): +7.09%, $7.13

Losers (Top 5)

• Mantle (MNTL): -3.81%, $1.32
• Maker (MKR): -3.25%, $3,727.55
• Optimism (OP): -2.37%, $2.93
• Axelar (AXL): -1.76%, $1.53
• Bitcoin SV (BSV): -1.21%, $97.66

Stablecoins

Stablecoins, cryptocurrencies pegged to physical assets such as fiat currencies, have remained relatively stable.

• Tether (USDT): USDT remains at $1, with a slight 0.01% decrease.
• USD Coin (USDC): USDC is also hovering around $1, dipping by 0.01%.
• Binance USD (BUSD): BUSD has gained 7.92% since yesterday, reaching $58,500.

DeFi

Decentralized finance (DeFi) tokens, which facilitate peer-to-peer financial services on public blockchains, have shown positive movements.

• Avalanche (AVAX): AVAX has increased by 3.13%, trading at $46.73.
• Chainlink (LINK): LINK has gained 0.97%, reaching $17.45.
• Internet Computer (ICP): ICP is up by 1.19%, trading at $17.12.
• Uniswap (UNI): UNI has risen by 3.78%, reaching $11.09.
• Dai (DAI): DAI remains stable at $1, with a slight 0.03% gain.

NFTs

Non-fungible tokens (NFTs), cryptocurrencies that represent unique digital assets, have also witnessed positive performances.

• Internet Computer (ICP): ICP, which can be used to create and manage NFTs, has increased by 1.38%, reaching $17.12.
• Stacks (STX): STX has gained 4.63%, reaching $3.20.
• Immutable (IMX): IMX has increased by 0.46%, reaching $2.70.
• Render (RNDR): RNDR has gained 2.95%, reaching $9.52.
• Theta Network (THETA): THETA has increased by 6.71%, reaching $2.66.

Market Outlook

The global cryptocurrency market has experienced a 1.08% increase since yesterday, bringing its total market capitalization to $2.53 trillion. The total crypto market volume has also increased by 1.16% over the past 24 hours, reaching $95.78 billion.

Compared to last month, the global cryptocurrency market valuation has increased from $2.38 trillion to its current value. Three months ago, the market capitalization stood at $1.67 trillion, indicating a significant growth trajectory.