The cryptocurrency market sees a revival: Bitcoin exceeds $108,000, and Dogecoin shows a significant 5% gain.
Bitcoin Growth and Leading Cryptocurrencies
Bitcoin (BTC) continued its upward movement, surpassing the $108,000 mark, which is a significant indicator for the market. Over the past 24 hours, BTC posted a 0.6% gain, contributing to its market capitalization climbing above $2.16 trillion. Ethereum (ETH) also recorded a 1.7% increase, reaching $2,565.49 amidst steady demand across major exchanges.
Dogecoin and Altcoins Dynamics
Dogecoin (DOGE) emerged as the top performer among large-cap assets, surging by 5.0% to $0.1724. This sharp rise was supported by increased trading volume and higher retail investor participation, making DOGE one of the most closely watched tokens. Among other major cryptocurrencies, XRP rose by 1.2% to $2.26, while BNB added 0.9%, trading at $661.36.
Market Strengthening and High-Risk Tokens
Several smaller-cap cryptocurrencies also posted significant gains. For instance, Viction (VIC) surged by 82.7% to $0.279, driven by strong trading volumes. Supra (SUPRA) climbed 34.6%, while Cobak (CBK) advanced by 22.8%. These movements suggest a growing appetite for higher-risk tokens amidst overall market optimism.
The overall rise of Bitcoin and the sharp increase in Dogecoin prices highlight a renewed interest in cryptocurrencies, especially at the start of a new week. Altcoins have also witnessed positive changes, indicating growing optimism among investors.
