Cryptocurrency valuation swells to $1.46 trillion, with Bitcoin's market dominance bolstering to 47.28% amidst diverse trades.
- Bitcoin surpasses $35K, marking a 2.49% weekly rise and bolstering its market cap dominance to 47.28%.
- TON and SOL show robust gains of 9.99% and 4.59% respectively, as market cap hits $1.46T, reflecting investor optimism.
- Despite a minor slip, XRP's 13.15% weekly growth underscores the market's volatile yet upward trend.
In the dynamic world of cryptocurrency, market fluctuations are the norm, and the latest trends indicate a mixed bag of gains and losses. Leading the pack, Bitcoin (BTC) has surpassed the $35K mark, showcasing a resilient stride in value.
This ascent reflects a 1.30% uptick within a day and an encouraging 2.49% increase over the past week. Bitcoin's market capitalization now stands at a formidable $689.85 billion, with its dominance index inching up by 0.53% to claim 47.28% of the total market.
Amid this upward trajectory for Bitcoin, other major cryptocurrencies are experiencing a varied direction in their trade values. Toncoin (TON), with a significant surge of 9.99%, and Solana (SOL), climbing by 4.59%, have both seen substantial growth. These upticks bring Toncoin to a market valuation of $9.25 billion and Solana to $18.26 billion. On the flip side, XRP has encountered a dip, decreasing by 2.96%, yet still holds a strong market cap of $36.39 billion.
According to CryptoRank, an analytics platform, the overall market capitalization of cryptocurrencies has edged higher by 0.43%, reaching $1.46 trillion. This increment signals a healthy pulse in the market, despite the mixed individual performances.
Read full article at CryptoTale.