The cryptocurrency market has shown remarkable growth in the past 24 hours, with Bitcoin, Ethereum, and Solana leading trends and increasing activity among traders.
Bitcoin's Rise and Its Market Impact
Bitcoin surged 3.5% to reach $105,428, with trading volume surpassing $50.9 billion. This gain not only bolstered investor confidence but also triggered a ripple effect across major altcoins.
Ethereum and Solana: Trends and Volumes
Ethereum rose 7.4% to $2,419.33, with trading volume exceeding $26.2 billion. Solana followed the trend, posting an 8% surge to $145.25, reflecting active dynamics in decentralized applications.
Capital Flight to Altcoins
Altcoins like XRP and Dogecoin mirrored the rise of Bitcoin and Ethereum. XRP recorded an 8% increase to $2.20, while Dogecoin jumped 7.5% to $0.1662. Growth was also seen in less-known projects such as VICE and GAME.
Bitcoin's rise above $105,000 acted as a catalyst for a broader 24-hour market rally, reinforcing the interconnectedness of cryptocurrencies during high-volatility periods.
