• 04 December, 2024
Market News

Crypto Market Cap Hits $3.6T Amid Bitcoin and Altcoin Rally

Crypto Market Cap Hits $3.6T Amid Bitcoin and Altcoin Rally

Crypto market continues to evolve as Bitcoin holds steady above $96,500, reflecting a robust market sentiment. The global cryptocurrency market capitalization has reached $3.6 trillion, showing a 2.14% increase over the past 24 hours. XRP, Dogecoin, and Cardano are among the top performers, with XRP gaining 15.2%.

Bitcoin remains the dominant force in the market, though its dominance has slightly dipped to 53.10%. The Fear & Greed Index stands at 84, indicating extreme greed among investors. Bitcoin’s trading volume surged by 6.5%, reaching $50.19 billion. This momentum highlights significant trading activity in anticipation of Bitcoin breaking the psychological $100,000 barrier.

https://twitter.com/CryptoRank_io/status/1862797085478682866

XRP recorded a substantial price jump, trading at $1.89 at press time with a market cap of $107.57 billion. This marks an 86.82% increase in 24-hour trading volume, showcasing rising interest in the digital asset. Dogecoin followed, trading at $0.4248 with a 2.93% gain and a market cap of $62.45 billion. Cardano also demonstrated positive growth, trading at $1.09 and gaining 2.79%.

The top gainers in the market included LIMBO, PipOnHL, and AgentLayer. LIMBO surged by an impressive 257.5%, reaching $0.0122 with a market cap of $12.4 million. PipOnHL climbed by 148.4% to $15.43, while AgentLayer rose by 112.8%, trading at $0.0841. These smaller assets highlight the growing appetite for speculative investments.

The Solana ecosystem showcased stability, with SOL gaining 1.56% and trading at $25.38. Ethereum also posted gains, trading at $3,684 with a 3.12% increase. Both networks continue to attract attention due to their scalability and decentralized finance (DeFi) capabilities.

Bitcoin Dominance Stalls at 58.26%, Altcoins Gain Strength

Recent funding rounds in the blockchain sector indicate growing institutional support. Projects such as Bleep, PinGo, and Avant raised significant investments. Avant secured $6.5 million in seed funding, while Bleep raised $2.3 million in its pre-seed round.

Overall, the cryptocurrency market reflects optimism as major assets trade in the green zone. Trading activity continues to rise, driven by favorable market conditions and investor sentiment. The ongoing market rally highlights increased interest in both large-cap cryptocurrencies and emerging tokens, shaping the future of the digital asset space.

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