- Bitcoin surged past $65,000, reflecting a 3.41% increase across top cryptocurrencies.
- Dogecoin saw the highest gain at 8.77%, followed by Solana’s 4.91% rise.
- Total cryptocurrency market cap grew by 3.15% to $2.43 trillion, showing strong bullish momentum.
Bitcoin surged past the $65,000 mark, sparking widespread gains across the cryptocurrency market. According to analytical platform CryptoRank, Bitcoin recorded a 3.41% increase, contributing to the overall rise in major digital assets.
The total cryptocurrency market capitalisation grew by 3.15%, reaching $2.43 trillion. Bitcoin remains a dominant force, increasing its market share to 4.86%, with a total capitalization of $53.17 billion.
Among the top cryptocurrencies, Dogecoin led the charge with an 8.77% price surge, followed by Solana, which gained 4.91%. The broader market’s bullish sentiment is underscored by a rise in the Fear & Greed Index, which jumped from 50 to 61, moving from neutral to greed territory. This shift reflects growing investor optimism.
Besides Bitcoin’s increase, the day saw remarkable performances from other digital assets. Moo Deng (MOODENG) emerged as a standout, with an 82.2% increase in value, making it one of the day’s top performers. Other notable gainers included zkLink (ZKL), with a 79% increase, and Byte (BYTE), which climbed 73.6%.
As Bitcoin continues to influence the market, its latest rally signals renewed interest from institutional investors, helping to push the price above key resistance levels. Dogecoin’s 63.8% rise in recent days and Solana’s positive trend have bolstered the market’s overall performance.
As institutional focus heightens, the cryptocurrency market seems poised for further growth. However, with the market in a greed phase, the next few days will be crucial for determining whether Bitcoin can sustain its upward trajectory.
Investors will closely monitor how the market evolves and whether Bitcoin will continue to test new highs, potentially breaking beyond previous records.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
