Major Cryptocurrencies Post Strong 24-Hour Gains
Bitcoin (BTC) extended its strong momentum over the past 24 hours, rising 4.3% to trade at $106,246. The leading cryptocurrency maintained its dominance with a market capitalization of $2.1 trillion, supported by a massive $68 billion in trading volume. This surge reflects increasing confidence among investors as Bitcoin continues to outperform most major digital assets.
Ethereum (ETH) also recorded a sharp rise, gaining 5.8% within the same period to reach $3,605.40. The token’s 24-hour trading volume crossed $30 billion, bringing its market capitalization to $435 billion. Likewise, Solana (SOL) advanced 5.8% in the last 24 hours to $167.30, marking another day of consistent upward movement driven by strong market activity.
Altcoins Maintain Uptrend with Solid 24-Hour Performance
XRP (XRP) led the day’s major altcoin gains, soaring 7.9% in 24 hours to $2.46, boosting its market value to $147.6 billion. Cardano (ADA) climbed 5.8% to $0.5888, while Dogecoin (DOGE) appreciated 3.9% to $0.181 during the same period. These steady increases highlight the broader bullish momentum dominating the altcoin market.
BNB (BNB) registered a moderate 1.7% rise to $1,007.35, maintaining its position among the top five cryptocurrencies. Wrapped Bitcoin (WBTC) mirrored Bitcoin’s gains, advancing 4.3% in 24 hours to $106,103, supported by consistent investor interest across trading platforms.
Decred Leads 24-Hour Gainers as Mid-Cap Tokens Rally
Decred (DCR) emerged as the strongest performer of the day, jumping 59.5% in 24 hours to $37.94, with a trading volume of over $116 million. Swarm Network (TRUTH) followed closely, up 49.5% to $0.04621, while COTI (COTI) gained 49.4% to $0.0504. Diverge Loop (DLC) advanced 43.4% to $0.06722, and Railgun (RAIL) rose 40% to $4.96, reflecting heightened activity in the mid-cap segment.
Market Outlook
The overall crypto market displayed a clear bullish tone over the past 24 hours, with Bitcoin’s surge setting the pace for widespread gains. Consequently, increased trading volumes and improving investor confidence suggest that the market could maintain its upward trajectory in the short term.