LIVEThe rise of Bitcoin to $48,800 contributed to the rise of a number of tokens by 40-50%
Since the start of trading in spot Bitcoin ETFs, the price of the main cryptocurrency has risen from $45,300 to a daily high of $48,887. Since then, BTC has retreated to the current $46,120.
At the same time, the altcoin market also showed gains, for example, Ethereum Classic (ETC) and Ethereum Name Service (ENS) recorded a 24-hour increase of 48.63% and 39.59%, respectively. Interestingly, the daily ETC trading volume increased to $2.21 billion.
Big gains also came from Sui (SUI), up 28%, Mantle (MNT), up 23.37%, and Blur (BLUR), up 21.56%.
Cardano (ADA) and Avalanche (AVAX) lead the top ten most valuable cryptocurrencies, recording gains of 15.91% and 12.78%, respectively. They were followed by Ethereum with an increase of 11%.
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