The cryptocurrency market gained significant momentum with Bitcoin rising to $96,297 and trading in the $95,000-$99,000 range. Bitcoin rose 2% in the last 24 hours to $97,500, while XRP rose 28% to $2.40. Hedera (HBAR) was the cryptocurrency that gained the most on the day with a 44% increase in value. The overall market value increased by 3% to $3.49 trillion, while the trading volume exceeded $170 billion.
The positive atmosphere continues in the global cryptocurrency market. Bitcoin's steady rise has also been reflected in altcoins. XRP gained 28%, increasing its market dominance to 4%. Hedera (HBAR)$HBAR
, was the most notable winner with a 44% increase, while Kaia (KAIA) also attracted investors' attention with a 40% increase.
Despite this, some cryptocurrencies fell despite the overall market rally. CORE lost 12%, while Ethena (ENA)$ENA
It fell by 6%. These declines are thought to be a reflection of Bitcoin’s small fluctuations.
The Fear and Greed Index rose to 82, indicating strong demand in the market. Analysts are assessing the possibility of a rally of up to 192% for Hedera. This forecast reinforces investors’ confidence in HBAR.
Market Volume and Investor Interest Are Increasing
In the last 24 hours, the global market value increased by 3% and the trading volume increased by 10%, exceeding $ 170 billion. This shows that investors continue to show interest in cryptocurrencies. Experts predict that this positive momentum of the market may continue.
These developments in the cryptocurrency market require investors to carefully monitor market dynamics. Bitcoin's strong performance is supported by the rise of cryptocurrencies such as XRP and HBAR. However, the sustainability of this trend will depend on market conditions.