Green Day in Crypto Markets
On Wednesday, the sentiment in the crypto markets turned bullish, leading to significant gains for major cryptocurrencies. The total crypto market capitalization rose by 3.41% to $1.28 trillion, and the trading volume increased by 10.93% to $51.97 billion.
Key Points of the Market Movement
- Total crypto market cap rose 3.41% to $1.28 trillion on Wednesday
- Trading volume was up 10.93% to $51.97 billion
- Bitcoin climbed 4.15% to $36,754
- Ethereum gained 5.23% to $1,709
- Mina surged 21.81% to $0.7372 on upgrade news
- Neo jumped 14.29% to $13.97
- Meme coin Pepe rallied 13.92% to $0.000001329
- Other notable gainers: Sui, Aave, Arweave, Theta Network, 1inch
- Gala and OKB posted gains of 19.96% and 9.80%
- dYdX in DeFi space climbed 9.07% to $2.61
- Bullish momentum across major cryptos and smaller altcoins
- Crypto market cap could push towards $2 trillion if bull run continues
Cryptocurrency Performance on Wednesday
Bitcoin increased by 4.15%, reaching $36,754, while Ethereum gained 5.23% to reach $1,709.
Several altcoins experienced substantial gains as well. Mina was the top performer, surging by 21.81% due to news of a network upgrade, reaching $0.7372. Neo jumped by 14.29% to $13.97, and meme coin Pepe rallied by 13.92% to reach $0.000001329.
Other notable gainers included: Sui, up by 12.02% reaching $0.5972; Aave, up by 11.01% reaching $106.34; and Arweave, up by 10.91%, reaching $7..70.Theta Network gained by 10..75%, reaching$0..9066, while the1inch Network rose by10..50%, reaching$0..3788.
Gala and OKB also had impressive gains of19..96%and9..80%, respectively.In the decentralized finance space,dYdXclimbedby9..07%,reaching$2..61.
One of the top large-cap performers was Chainlink,a blockchain oracle network that provides real-world data to smart contracts.It ralliedby9..01%,reaching$14..64.Chainlink allows smart contracts to interact with real-world data and systems securely.The rally in Chainlink signals increased adoption and demand for its oracle services.
Potential for Further Growth
The bullish momentum across major cryptocurrencies like Bitcoin and smaller altcoins suggests that the crypto market is gaining upside traction.If the bull run continues, we could see the total market cap push towards$2trillion in the near future.
Hot Take: Fields of Green in Crypto Markets
It was a green day in the crypto markets on Wednesday as investor sentiment turned bullish leading many major cryptocurrencies to see significant gains.
The post Fields of Green: Bitcoin Price Passes$36k & Leading Alts Surge LINK, MINA,SUI,NEO appeared first on Blockonomi.
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