Today, the cryptocurrency market has reached a new landmark with a total market cap of $3.46 trillion, reflecting a 1.66% increase over the last 24 hours. Trading volumes have significantly surged to $145.26 billion.
Crypto Market Reaches New Heights
The cryptocurrency market has achieved a global market cap of $3.46 trillion, increasing by 1.66% over the last 24 hours, according to CoinMarketCap. Trading volume has soared to $145.26 billion, showing a 44.69% rise.
Top Performers and Notable Moves
Among the top gainers is Pudgy Penguins, which has risen by 32.68% to $0.019589, with a trading volume of over $863 million. Its market cap has now exceeded $1.23 billion. Additionally, Dogwifhat has also managed to rise by 11.52%, trading at $0.9677 with a volume of $515 million. Virtual Protocol also showed an increase of 8%, trading at $1.61. On the downside, Aave slid 2.58% to $293.44, even with high trading volumes of $578 million. Cronos dropped 1.94% to $0.0935, while Sei fell 1.78% to $0.2612.
Bitcoin ETF Developments
Meanwhile, Bitcoin ETFs from BlackRock and Fidelity have now amassed $53 billion in combined assets. Furthermore, Bitcoin spot ETFs are managing nearly $150 billion, doubling last year’s figures. This surge can be attributed to institutional advancements and supportive crypto policies from the current U.S. administration.
The cryptocurrency market shows impressive results with rising capitalization, indicating increasing interest from both investors and institutional players. Notably, the development of Bitcoin ETFs also creates new investment opportunities in cryptocurrencies.
