The cryptocurrency market kicked off Thursday on a strong note, with major assets flashing green and the global market capitalization climbing to $3.21 trillion, marking a 5.67% increase in the past 24 hours.
Ethereum (ETH) took the spotlight as the top gainer among major cryptocurrencies, surging 19.57% to $2,203.86, followed by Bitcoin (BTC), which also edged higher by 3.90% to trade at $102,610.09.
The Fear & Greed Index currently reads 70, indicating strong market greed as investors rush to ride the bullish wave. However, the Altcoin Season Index stands at 36/100, hinting that despite recent gains, Bitcoin still dominates the market momentum.
Other performers include XRP, which saw its price increase by 6.43% to $2.30. Solana also had a good day, jumping by 8.21% to reach $162.41. Meme-favorite Dogecoin joined the rally with a 10.51% surge, bringing its price to $0.1952. Cardano impressed traders as well, with its price moving up by 11.81% to $0.7716.
BNB showed a quieter but steady performance, increasing by 2.97% to $624.31. Meanwhile, stablecoins like Tether and USDC stayed close to their usual $1 mark, holding steady at $0.9999 each.
The rally continues deeper into the crypto market rankings. Sui saw an impressive 12.34% jump over the past 24 hours, trading at $3.96, despite a slight 1.09% dip in the last hour. Chainlink also climbed higher, gaining 11.18% to trade at $15.83, keeping its momentum steady over the week.
Avalanche joined the list of gainers, rising by 11.16% in the last day to reach $22.24. Stellar wasn’t far behind, posting a 10.58% increase to settle at $0.2936. Meme-favorite Shiba Inu recorded a 9.90% rally, now valued at $0.00001430.
Bitcoin Cash delivered a solid performance too, climbing by 4.88% to $420.26, while Hedera added 8.52% to its price, now trading at $0.1944. Meanwhile, UNUS SED LEO remained relatively stable, edging up by 0.67% to $8.86.
Strong gains in Ethereum and Bitcoin, along with investor optimism, pushed the global market cap up 5.67% to $3.21 trillion.
Yes, altcoins like Dogecoin, Cardano, Solana, and Shiba Inu posted double-digit gains following Bitcoin’s rise.
Yes, despite altcoins performing well, Bitcoin remains the dominant force, as shown by the high Fear & Greed Index and Altcoin Season Index at 36.
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