Bitcoin has shown significant growth, setting a record high of $124,224, contributing to the overall increase in the cryptocurrency market cap.
Bitcoin's Record and Market Sentiment
Bitcoin recorded a new all-time high of $124,224, leading to a total cryptocurrency market cap of $4.44 trillion. BTC rose by 1.8%, while ETH increased by 2.44% to $4,741. According to the Fear and Greed Index, which stands at 75, bullish sentiment continues on the market. Daily liquidations totaled $470 million.
Ethereum and Altcoin Performance
Ethereum also showed growth, increasing by 2.44%, indicating its stable position within the large-cap segment. ETH's dominance reached 13.66%. Altcoins, such as Solana, exhibited moderate gains, with some small-cap tokens strengthening their positions.
Institutional Investments and Project Funding
Investments into various projects like Shrapnel, HoneyCoin, and Mecka led to multiple funding increases. This confirms ongoing interest from institutional investors and contributes to the overall optimistic atmosphere in the market.
Growing interest in Bitcoin and other cryptocurrencies supports bullish trends in the market, opening opportunities for further altcoin growth under current conditions.
