Key Insights:
- Bitcoin climbs 3.7% to $115,735, boosting market cap to $2.3 trillion amid strong investor confidence.
- Ethereum surges 7.4% to $4,234, driven by rising DeFi activity and increased trading volume.
- Altcoins like Solana and XRP record solid gains, reflecting broad market optimism.
- Emerging tokens PAYAI and DIA soar over 60%, signaling renewed interest in innovative blockchain projects.
The cryptocurrency market recorded broad-based gains over the past 24 hours, signaling renewed investor confidence across major digital assets. Bitcoin (BTC) led the rally with a 3.7% increase, reaching $115,735 and pushing its total market capitalization to $2.3 trillion. The asset’s steady hourly growth of 0.2% reflected sustained buying momentum and strong institutional interest.
Bitcoin’s continued ascent reinforced its dominant position in the crypto market. The asset’s consistent performance supported an overall bullish sentiment as traders anticipated further price stability. Increased spot trading volume and positive funding rates across derivatives markets underscored the ongoing demand from both retail and institutional investors.
Ethereum (ETH) also advanced sharply, rising 7.4% to trade at $4,234.81 within the same period. Its weekly gain of 4.6% highlights renewed activity across decentralized finance (DeFi) and smart contract ecosystems. Ethereum’s 24-hour trading volume exceeded $32 billion, reflecting strong participation as network activity and transaction throughput increased. Analysts attributed this growth to sustained use of Ethereum-based applications and continued staking participation ahead of the next network upgrade.
Altcoins Record Moderate Gains Amid Positive Market Sentiment
Beyond Bitcoin and Ethereum, several altcoins posted notable gains. XRP rose 1.2% in the last 24 hours and 8.3% over the week to reach $2.65. Its market capitalization climbed to $158.9 billion, ranking it among the top weekly performers. The price movement was linked to optimism surrounding ongoing discussions on adoption and potential regulatory clarity for Ripple Labs.
Solana (SOL) registered a 5.4% increase, trading at $204.45 on trading volume exceeding $6 billion. The network’s robust performance has been supported by strong DeFi activity and developer engagement. BNB recorded a modest rise of 2.6% to $1,148.41, maintaining investor interest in Binance’s broader ecosystem. Cardano (ADA) appreciated 4.9% to $0.6855, while Dogecoin (DOGE) climbed 5.9% to $0.2077, driven by retail enthusiasm and increased social media attention. TRON (TRX) and Lido Staked Ether (STETH) also advanced 1.9% and 7.4%, respectively, contributing to the market’s overall strength.
Emerging Tokens Lead Daily Gainers
Among emerging projects, PayAI Network (PAYAI) led the list of top gainers with a 93.9% surge to $0.05424, supported by a trading volume of $29.7 million. DIA followed with a 66.8% increase to $0.709, while Vana (VANA) gained 32.1% to reach $3.51. These gains highlighted growing investor interest in new blockchain initiatives offering innovative use cases and expanding ecosystems.
The overall cryptocurrency market continues to show signs of renewed momentum as capital inflows rise across leading and emerging assets. Analysts anticipate short-term volatility but note that sustained network activity and institutional participation could support further market growth in the coming days.
