The cryptocurrency market continues to display positive trends, with increasing capitalization and active trading volumes amid the growth of certain tokens.
Market Capitalization and Trading Volumes
The global cryptocurrency market cap has reached $3.95 trillion, marking a 3.1% increase over the last 24 hours. Total trading volume hit $142.44 billion. Bitcoin maintains dominance at 59%, followed by Ethereum at 11.9%. Currently, there are 17,959 cryptocurrencies tracked.
Top Cryptocurrencies and Their Changes
Bitcoin (BTC) is priced at $117,102, seeing a 24-hour gain of 1.9%. Ethereum and XRP are also showing gains, with XRP increasing by 10.8% to $3.31. Among other popular tokens are Pendle, rising by 25.1% to $4.98, and Arena-Z (A2Z), which skyrocketed by 93.9% to $0.009821.
Key Events and Initiatives in the Crypto Industry
Among significant events: Ripple's acquisition of a stablecoin payments platform for $200M, aimed at improving transactions and increasing competitiveness in the market. Additionally, in India, tax authorities sent over 44,000 notices to crypto traders, indicating a tightening of control over cryptocurrency transactions.
The cryptocurrency market shows steady growth, indicating increased investor interest. Current events and trends signal further development of the sector and its impact on the global economy.
