In a notable surge, the cryptocurrency market experienced a modest rally today, with Bitcoin leading the charge by climbing 2.51% to reach $37,358.56. Despite a slight weekly decline of 0.38%, the world’s leading cryptocurrency displayed resilience. Following suit, Ethereum recorded a gain of 3.76%, trading at $2,061.58, with a minor weekly increase of 0.31%. Other prominent cryptocurrencies also saw positive movement, with Binance Coin (BNB) marginally up at $236.04 and Ripple (XRP) advancing to $0.66.
Altcoins such as Cardano and Dogecoin also witnessed growth, reaching prices of $0.33 and $0.077, respectively. However, some cryptocurrencies faced challenges on a weekly basis. Solana experienced a daily uptick to $57.96 but suffered an overall weekly loss of 11.25%. Polkadot appreciated to $5.19 for the day but saw a 7.16% decrease over the week.
The market showcased notable surges in specific tokens, with FTX Token leading the top gainers by soaring over 31%. Blur closely followed with an approximate 27% increase. Uniswap, Klaytn, and ORDI also made significant jumps, with rates around 18%, 15%, and 14%, respectively.
Stablecoins such as Tether and USD Coin recorded minor value adjustments. In the decentralized finance (DeFi) sector, Chainlink rose to approximately $14.49, while Avalanche posted a slight increase to about $21.06.
As of today, the global cryptocurrency market cap stood at approximately $1.42 trillion, marking an almost 5% rise from the previous day. This uptick signals a positive sentiment among investors in the digital assets space today.
