The cryptocurrency market posted a powerful recovery as global capitalization reached $3.35 trillion. This marks a notable 4.2 percent rise in just 24 hours.
Bitcoin spearheaded the upward trend, surging to $103,164 after gaining 4.3 percent within the last day. The leading cryptocurrency now holds a market capitalization of $2.04 trillion.
It also witnessed daily trading volumes surpassing $48 billion which speaks volumes about the robustness of investor appetite and market movement. The ongoing dominance, of Bitcoin continues to drive overall direction and sentiment in the crypto market.
Also Read: XRP to the Moon? Major Ripple-SEC Update Boost Price – Here’s What Happened
Ethereum followed with sharp gains, climbing 18 percent to trade at $2,250.39 as of the latest update. It has a market capitalization of $271.4 billion, with a trading volume of $38.2 billion.
XRP added further momentum to the rally by increasing 6.2 percent over the last 24 hours. It reached a new price point of $2.31, pushing its market value to $135.1 billion.
BNB joined the bullish trend, trading at $629.91 after posting a 3 percent daily price increase. Its total market cap went past $91.9 billion, and was around $1.3 billion traded in the last 24 hours.
Small-Cap Tokens Show Explosive Growth Amid Market Surge
A few of the lesser-known tokens rode to the top with impressive percentage gains and higher trading volumes. Moo Deng (MOODENG) skyrocketed 123.6 percent to $0.09965 and trades for $441 mn in daily volume.
Peanut the Squirrel (PNUT) surged 60.8 percent to $0.2671 and reported volume of nearly $490 million. VaderAI (VADER) by Virtuals surged 48.3 percent from $0.02895 to $0.04291 following its low overall volume.
Cumulative trading volume in the crypto market reached $184.5 billion, which is an upward trend in the level of interest from investors and the increased involvement. Both top coins and the emerging tokens helped in reviving the trend.
The surge in Bitcoin and major altcoins pushed the crypto market past $3.35 trillion. The increasing trading volumes and price increases indicate mounting optimism across the digital asset space.
Also Read: Here Is Why XRP Is Up Today
