Bitcoin surged over 9% and held steady above $62,000, while Ethereum reached a new peak, surpassing $3,400. Meme coins like Dogecoin, Shiba Inu, and Pepe Coin also saw significant rallies, buoyed by the positive market mood.
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Today, the top cryptocurrencies experienced a bullish trend with Bitcoin jumping to $62,000 and Ethereum climbing over $3,400. However, some alternative coins faced significant drops. Alongside, other prominent altcoins like XRP, Cardano (ADA), and Solana (SOL) also saw impressive increases in their values.
Crypto Market Sees Strong Gains Across Top Assets
The Bitcoin price continued its upward trajectory, surpassing $62,000 with a 9.24% increase, reaching $62,517.10 by Thursday, February 29. Its trading volume surged by an impressive 124.08% to $90.42 billion within the last 24 hours, while its market cap stood at $1.22 trillion.
Ethereum surged 5.42% to $3,444.36, accompanied by a trading volume spike of 117.50% to $36.90 billion. Meanwhile, Binance Coin (BNB) gained 4.43%, reaching $415.43, with a 24-hour trade volume increase of 69.07% to $2.55 billion.
Solana broke the $120 mark with a 13.18% increase to settle at $123.09, experiencing a surge in trade volume by 187.14% to $6.29 billion. XRP neared the $0.60 level, recording a gain of 1.72% at $0.5912, while its trading volume spiked by 41.95% to $3.34 billion.
Cardano saw a 5.38% increase to $0.6551, accompanied by a significant 110.73% rise in 24-hour trading volume to $1.36 billion.
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In the meme coin arena, Dogecoin surged by 33.12% to $0.1274, while Shiba Inu registered a 20.83% gain, trading at $0.00001318.
Also Read: Top 4 Altcoins for 2024 Bull Run
Meme Coins Experience Dramatic Surges in Value
Pepe Coin (PEPE) Sees Significant Price Increase: Pepe Coin (PEPE), a popular meme cryptocurrency, witnessed a substantial surge in value today. At the time of reporting, the Pepe Coin price surged by 17.03% to $0.000003199, boasting a market valuation of $1.34 billion. Additionally, its 24-hour trade volume soared by 47.10% to $2.06 billion.
Bonk (BONK) Emerges as Top Gainer: Bonk (BONK), a meme coin based on Solana, experienced an extraordinary surge, earning the title of the top gainer in the crypto market today. The Bonk price skyrocketed by 54.71% to $0.00002158, accompanied by a remarkable 150.92% increase in trade volume to $839.29 million. Moreover, Bonk reached a high of $0.00002179 during today’s rally.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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