Cryptocurrency Market Starts Strongly
Thursday was vibrant, with the global cryptocurrency market reaching a capital of $3.21 trillion, increasing 5.67% in 24 hours. Ethereum (ETH) stood out with a 19.57% increase, reaching $2,203.86, while Bitcoin (BTC) also rose 3.90%, trading at $102,610.09.
Market Sentiment and Altcoin Trends
The current Fear & Greed index is 70, indicating strong investor greed as they rush into the price surge. However, the Altcoin Season index stands at 36/100, suggesting Bitcoin still dominates. XRP recorded a 6.43% increase to $2.30, while Solana rose 8.21% to $162.41. Dogecoin, popular on social media, increased 10.51% to $0.1952.
Performance of Other Cryptocurrencies
Cardano impressed with an 11.81% increase to $0.7716. BNB rose slightly but steadily, reaching $624.31. Tether and USDC maintained prices near $1.
Broad Market Recovery
Sui increased 12.34%, trading at $3.96 despite a slight recent drop. Chainlink rose 11.18% to $15.83. Avalanche increased 11.16% to $22.24, while Stellar rose 10.58% to $0.2936. Shiba Inu increased 9.90%, reaching $0.00001430.
Other Cryptocurrencies
Bitcoin Cash rose 4.88% to $420.26, while Hedera increased 8.52%, currently trading at $0.1944. UNUS SED LEO was more stable with a slight 0.67% increase to $8.86.
The market continues to demonstrate strength, reflecting positive momentum in the cryptocurrency sector.
