Bitcoin’s dominance rises to 53.34% as it trades above $60,000, signaling strong momentum.
Binance Coin and Dogecoin show notable gains, reflecting broad market optimism.
Top altcoins like Aventus and QuickSwap see impressive surges, boosting market sentiment.
Bitcoin (BTC) continues its impressive run, trading above $60,000. This notable milestone reflects the broader market’s positive momentum. As Bitcoin remains the dominant player, trading at $60,961.63 at press time, with a 24-hour trading volume of $34.76 billion, its influence on the cryptocurrency landscape is undeniable. In the past 24 hours, Bitcoin has gained 2.74%, signaling a robust market trend.
As highlighted by CryptoRank, a top analytic firm, the overall cryptocurrency market capitalization has climbed to $2.26 trillion, marking a 1.89% increase. Bitcoin’s dominance in the market stands at 53.34%, up by 0.52% from previous levels. This dominance underlines Bitcoin’s substantial role within the crypto ecosystem. Despite these gains, the Fear & Greed Index indicates a reading of 39, reflecting a state of fear among investors.
Market Overview#Bitcoin trades above $60K. The top-10 cryptos are traded in green zone:$BTC +2.40%$BNB +2.22%$DOGE +1.36%
Market capitalization: $2.26T (+1.89%)
The #BTC dominance: 53.34% (+0.52%)
Fear & Greed Index: 39 (Fear)
Top Gainers
Aventus $AVT +53.3%… pic.twitter.com/tPzpjaCZz9
— CryptoRank.io (@CryptoRank_io) August 22, 2024
The top ten cryptocurrencies are predominantly performing well, contributing to a green market zone. As of the publishing time, Binance Coin (BNB) is trading at $579.53, up by 4.35% with a 24-hour trading volume of $1.84 billion. At the same time, Dogecoin (DOGE), another prominent player, is valued at $0.106, with a 2.34% increase and a trading volume of $507.9 million. These positive movements in major cryptocurrencies suggest a broad-based optimism in the market.
Turning to the top gainers, several altcoins have shown remarkable performance. Aventus (AVT) stands out with a striking 53.68% increase, trading at $2.56. This surge is accompanied by a trading volume of $2.91 million. QuickSwap (QUICK) follows closely with a 21.79% rise, reaching a price of $40.37. Despite its lower trading volume of $107,063, QuickSwap’s performance highlights its growing influence.
Bitcoin Drops Below $60K as Market Faces Broad Decline
Rarible (RARI) has also made notable strides, with a 19.98% increase, pushing its price to $1.94. The trading volume for Rarible is $3.57 million. Similarly, Mdex (MDX) has gained 11.61%, trading at $0.0167, while Tectum (TET) has seen a 22.62% rise, priced at $8.07. These gains are supported by trading volumes of $1.44 million and $1.81 million, respectively.
The post Bitcoin Soars as BNB, DOGE Trade in Green; MCAP Hits $2.26T appeared first on CryptoTale.
