The crypto market has seen a mild uptick, with its market cap increasing by 2.22% over the past day, reaching $3.58 trillion. Trading volume also rose by 5.75%, indicating increased market activity.
Bitcoin Surpasses $100k
Bitcoin saw continued growth today, crossing the $100,000 mark and is currently trading at $102,066.20, up 2.74% from yesterday. The rebound began on Wednesday following a positive inflation report that enhanced investors' risk appetite.
Altcoins Show Mixed Results
The altcoin market experienced varied trajectories today. XRP continued its impressive performance with a 15% rise, trading at $3.27. HBAR, DASH, and LTC gained 10% each, showcasing growth potential. Meanwhile, Ethereum stagnated around $3,300 due to returning inflationary supply levels.
Small-Cap Tokens Lead Today
Small-cap cryptocurrencies are today's market leaders. Onyxcoin (XCN) gained over 86.6% from the previous day. Butthole (BUTTHOLE) rose more than 75.8%, followed by the Department of Gov. Efficiency (DOGE) with a 56.3% increase. Flork Cto (FLORK) jumped 53.5%, while Token Metrics AI (TMAI) rose by 46.6% over yesterday.
Recent developments in the crypto sphere include a potential crypto reserve creation, Tether's announcement of a new USDT version, and Coinbase's new loan offering. These initiatives highlight the dynamic growth and innovations in the digital asset sector.
