Bitcoin (BTC) surpasses $95,000 as crypto market capitalization hits $3.66 trillion.
XRP and ADA lead the top 10 with impressive 17.9% and 17.1% gains in 24 hours.
GOAT BASED (GOAT) exploded by 3,960%, while MyLovelyCoin and XYO saw massive growth.
Analytical platform Crypto Rank reported that Bitcoin has risen above $95,000 and is still growing in the cryptocurrency market. This sharp price action has brought a ray of hope among the investors. With Bitcoin, other cryptocurrencies have also seen considerable growth in their value. In an X post on Monday, Crypto Rank noted that the crypto market cap has risen to $3.66 trillion, showing a 2.57% increase.
Top Cryptos Show Growth
According to the platform findings, all the top 10 cryptocurrencies are trading in the green. XRP has increased by 17.9%, and ADA has increased by 17.1% in the last 24 hours. The market is in the green zone, partly due to Binance Coin (BNB), which is up by 2.27%.
This upward movement persists, with the Fear & Greed Index at an extreme greed level of 76, signaling heightened investor optimism. Bitcoin’s market capitalization has also declined, standing at 51.58% of the entire market with a 2.31% fall.
Altcoins See Massive Gains
Other lesser-known altcoins are also growing at a very fast rate. GOAT BASED (GOAT) is on top and has surged an incredible 3,960%. The last week proved lucrative for MyLovelyCoin (MLC), with gains of 212.4%, while XYO has seen a rise of 187.2%. Some other coins that have done very well include Moo Deng, with gains of 108.6%, and Verge, with gains of 73.2%.
The current high volatility of BTC is also evident by the recent price increase in Bitcoin, with investors’ confidence still growing. This increase in market trade can be attributed to the increasing popularity of cryptocurrencies, with Bitcoin still leading the way. More institutional investments are being made in the cryptocurrency market, indicating that growth will continue. Nevertheless, the extreme greed sentiment may be a caution that is necessary because of volatility which is still a big issue.
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