The Cryptocurrency Market Continues an Upward Trajectory as Bitcoin ($BTC) Currently Trades at $96,040

The cryptocurrency market continues an upward trajectory as Bitcoin ($BTC) currently trades at $96,040 bearing minimal losses of 0.06%.

Bitcoin ($BTC) price showed minimal losses of 0.06% and currently trades at $96,040, as the total crypto market capitalization reports gains of 0.83% to reach $3.34 trillion. Meanwhile, the price of the leading altcoin, Ethereum ($ETH), rose by 2.32% to reach $2,680. Among the top gainers, AICell ($AICELL) and BakerySwap ($BAKE) lead the rally with gains of 96% and 77%, respectively.

On the other hand, the small-cap gains show substantial increases with Mochi Token ($MOCHI) and FPI Bank ($FPIBANK) rising by 47.5% and 56.9%, respectively, followed by Thena Finance ($THE) with a 15.2% gain.

Crypto Market Overview

The market showed positive signs with minimal losses. Bitcoin (BTC) rose past $96K and Binance Coin (BNB) soared by over 10%, surpassing $700, while new launches on Four Meme, HODLer airdrops on Binance, and promotion by Changpeng Zhao contributed to the rally.

The total market capitalization rose slightly by 0.83% to reach $3.34 trillion. Throughout the day, the market displayed a neutral trading sentiment, as indicated by the Fear & Greed Index, which remained at 50 points.

BTC Dominance vs ETH Dominance: Rising Altcoin Market Engagement

After showing a rising trend in the past few days, Bitcoin (BTC) dominance decreased to reach 57.04%, indicating rising market engagement in alternative coins.

On the other hand, Ethereum (ETH) showed an increase of 1.62% in its market dominance, reaching 9.69%.

Key Market Drivers and Developments in Crypto Sector

Multiple forces drove the current market patterns. The increase in BNB price is linked to Binance’s continuing development through HODLer airdrops and promotional events. Market sentiment was influenced by new project launches on Four Meme, which attracted investor attention.

In other news, BNB Chain introduced the BNB AI Hack initiative, which aims to integrate artificial intelligence features into blockchain systems. Meanwhile, Aave announced a gas token framework for GHO stablecoin in the decentralized finance space to enhance user cost efficiency. Additionally, FTI US showed its commitment to institutional adoption by adding its $594 million market money fund to support the Solana blockchain.

Top Gainers and Market Performance

Among small-cap assets, AICell ($AICELL) achieved the highest return through price appreciation of 96%, while BakerySwap ($BAKE) maintained a 77% increase in value. The price increase statistics show Mochi Token ($MOCHI) and FPI Bank ($FPIBANK) climbing 62% and 56.9%, and Thena Finance ($THE) rising 52%.

The large-cap gainers showed substantial achievement in their performance outlook. The 47.5% rise in PancakeSwap ($CAKE) stood out as the largest increase, while XCN and S tokens both gained 21.2% and 15.2%, respectively. In just 24 hours, JTO and RUNE joined other large-cap assets in gaining more than 12% of their market value.