Bitcoin shattered expectations as it surged beyond the $110,000 mark, reaching a new all-time high of $111k after gaining 2.9 percent in the past 24 hours. This sharp rise pushed its market capitalization to over $2.2 trillion, with trading volume closing in on $74 billion.
Ethereum, like Bitcoin, increased by 0.5 percent to $2,610.96 as traders activated more than $35 billion worth of transactions in a single day.
BNB also rose 3 percent, pushing its price to $681.34 and making its market cap near $100 billion. The rise shows investors are becoming more interested in and hopeful about the token.
Trading at $175.90 after gaining 3 percent daily, Solana matched the increase today. Much of that rise was fueled by $6.6 billion in trading volume, indicating its strong impact on the altcoin arena.
XRP continued its upward path with a 0.7 percent increase to $2.40, also posting a 4.4 percent gain over the last seven days as its market cap exceeded $140 billion.
Dogecoin climbed by 2.5 percent to hit $0.2382, riding a wave of positive sentiment and weekly growth of 4 percent. Trading activity remained strong, with volume surpassing $3.4 billion.
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Altcoins Spark Frenzy With Triple-Digit Gains Across the Board
The altcoin market saw explosive growth, adding momentum to the broader rally. AsMatch (ASM) led the top gainers with an astonishing 1273 percent spike, trading at $1.98 after a surge in investor interest.
Efinity (EFI) saw a sharp rise of 264.4 percent, ending at $1.64, which grabbed the attention of traders everywhere, while the price of GOG surged 116.9 percent to $0.04121, making it one of the best performers recently.
Rising interest in some lesser-known cryptocurrencies boosted the total market value of digital assets to $3.6 trillion. Daily trading, which reached $205 billion, shows strong demand.
The advance of Bitcoin to $110,000 also prompted many altcoin prices to surge. Momentum observed in both lead and breakout tokens shows that investors are gaining confidence, and the market is ready for more.
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