The crypto market today witnessed significant shifts, with market value soaring by 7.36% within 24 hours to reach the $2.98 trillion mark, driven by substantial trading volume increases and investor optimism.
Bitcoin Reaches $89,604.50
Bitcoin (BTC) continues its journey towards new heights. Recently, it reached a new all-time high of $89,604.50. At the time of writing, it is trading at $88,741.46, reflecting a 9.12% increase over the previous day. BTC's market cap has risen to $1.75 trillion, making it the world’s 8th largest asset, surpassing silver.
Ethereum, Solana, and XRP Gains
Ethereum (ETH) witnessed a 5.72% increase, reaching a price of $3,343, benefiting from favorable market trends. Solana (SOL) also showed a 6.40% uptick, trading at $219.57. XRP joined the rally with a 4.21% jump, reaching $0.6065.
Top Movers and Losers
Cronos led the gains among the top 100 with a remarkable 52.57% surge to $0.2142. Aioz Network saw a 40.82% increase, trading at $0.732, while Dogecoin gained 33.90%, reaching $0.3934. Among the top losers, Raydium (RAY) declined the most by 16.06% to $4.71, followed by GOAT with a 14.14% drop to $0.7759, and NEIRO, which fell by 10.71% to $0.002372.
The crypto market continues to evolve dynamically, showing significant gains and losses. Market participants keenly observe emerging trends and opportunities.
