The cryptocurrency market once again caught investors' attention following Bitcoin's impressive rally and the growth of various altcoins this past week.
BTC's Rally
Bitcoin finished the business week at $118,000 after reaching an all-time high of $112,000 and continuing its rally to nearly $119,000. Following this, the asset has shown minor stabilization. Bitcoin's market capitalization has risen to $2.345 trillion, while its dominance over altcoins stands at 62.5%.
Overall Growth of Altcoins
Several altcoins also exhibited significant growth. Ethereum rose from $2,500 to over $3,000, while XRP, albeit with a slight delay, reached nearly $3. Meanwhile, XLM, which recorded a gain of more than 22%, is now trading above $0.37. Other assets like CRO also contributed to the rise; however, Pi Network's token showed a decline.
Current Market Situation
In recent days, the total market capitalization of all crypto assets has increased by over $300 billion, standing at $3.750 trillion now. Interest in cryptocurrencies is rising amid recent market changes.
The cryptocurrency market displays dynamism, with notable growth in both major assets and altcoins. Bitcoin has confirmed its strong positions, while altcoins have shown impressive performance.
