The cryptocurrency market gained 1.24% over the past 24 hours, lifting its total value to $2.19 trillion, with Layer-2 tokens leading the advance. The rally was driven by Robinhood’s new blockchain, Robinhood Chain, which is built on Arbitrum technology and will share 10% of its chain revenue with the Arbitrum ecosystem. The announcement helped push ARB nearly 18% higher and boosted broader altcoin sentiment. Improved regulatory clarity in the U.S. and a modest recovery in market sentiment also supported gains. Traders are now watching $2.21 trillion as the next key resistance, while a drop below $2.18 trillion could weaken the rally.
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