The cryptocurrency market has witnessed a notable upswing, propelled by the impressive performance of leading digital assets Bitcoin and Ethereum. Bitcoin has reached a price of $46,313, reflecting a daily increase of 0.71% and a weekly gain of 7.17%. Simultaneously, Ethereum has seen a rise in value to $2,606, indicating a daily increase of 0.67% and an impressive weekly surge of 16.29%.
Other major cryptocurrencies have also demonstrated positive movements, contributing to the overall bullish sentiment in the market. BNB, XRP, Cardano, and Dogecoin have all posted gains. Solana, while making more modest weekly progress, saw an increase of 0.22%. Furthermore, Polkadot and Shiba Inu recorded weekly gains of 6.27% and 4.33%, respectively. Notably, Polygon stood out with a substantial 10.15% rise today.
The cryptocurrency market’s overall capitalization has achieved a new milestone, reaching $1.77 trillion, representing a 3.7% increase from previous figures. This surge in market cap is supported by a total market volume of $112.21 billion over the last 24 hours.
Despite the general uptrend, some cryptocurrencies did not participate in the gains. Bonk, Lido DAO, Bitget Token, Stacks, and UNUS SED LEO were among the day’s biggest losers, each experiencing a downtrend in their respective prices. Investors are closely monitoring these diverse market movements as the cryptocurrency landscape continues to evolve.
