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The crypto market is rising. BTC has already set a new all-time high above $124,000, while Ethereum is getting closer and closer to its historical record. At the same time, some of the largest altcoins are making massive gains. According to the Fear & Greed Index, investor greed is currently rising significantly.
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Crypto Market Rises: these Coins are Currently Exploding
The crypto market is rising. Meanwhile, the 100 largest cryptos are predominantly showing gains – both in the daily and weekly trends. The entire market rose by 2.55 percent over the last 24 hours to a total value of 4.15 trillion US dollars.
The Bitcoin price gained six percent over the last seven days. The largest cryptocurrency has increased its market value by two percent since yesterday alone. At the time of going to press, BTC is trading at $121,675.
- Bitcoin
(BTC) - Price $117,906.00
- Market Cap
$2.35 T
BTC is therefore not far from the all-time high of 123,000 US dollars. To reach a new record high, only further gains of around 1.00 percent would be necessary.
The Bitcoin has therefore only risen relatively moderately so far. A look at the altcoins reveals significantly higher gains in many cases. Even among the top 10, the current price movements are staggering.
The Ethereum price rose by around 28 percent to 4,740 US dollars in the weekly trend. A four-year-old all-time high of 4,891 US dollars is therefore within reach.
- Ethereum
(ETH) - Price $4,546.35
- Market Cap
$547.53 B
XRP is up eight percent, BNB gains 11.70 percent in the weekly trend, Solana rises 21 percent, Dogecoin 19 percent and Cardano adds a massive 35 percent. The tenth-largest cryptocurrency – Tron (TRX) – is the bottom of the top 10 with a gain of 7.55 percent.
Crypto Bull Market Continues: Here are the Biggest Gains
Cardano (ADA) is currently at the top of the CMC100 in the daily trend. Over the last 24 hours, the smart contract platform has increased by 17.40 percent. As a result, ADA is trading at $0.9990.
- Cardano
(ADA) - Price $0.904
- Market Cap
$32.87 B
ADA is currently benefiting from a general market upturn and new spot ETF applications in the USA. Most recently, asset manager Grayscale registered a Cardano spot ETF with the US Securities and Exchange Commission. So far, Cardano is not represented on US stock exchanges via ETFs.
However, Cardano is not the only major cryptocurrency with such high gains in the daily trend. Not far from the current trend leader, Arbitrum (ARB) and Kaia (KAIA) are in second and third place in the daily trends. ARB rose by 13.60 percent to 0.54 US dollars, while Kaia is trading at 0.17 US dollars after gains of 12.60 percent.
Particularly explosive price movements can be seen in the weekly trend. OKB, the utility token of the crypto exchange OKX, rose by 130 percent over the last seven days and thus dominates the weekly trend.
OKX wants to realign OKB. The supply of the coin will be reduced. In addition, OKB should increasingly act as a DeFi platform and no longer just as a utility token of the crypto exchange.
Behind the weekly winner, Aerodome Finance, Raydium and Lido DAO, the cryptocurrencies of three DeFi projects, follow in second to fourth place. The market is therefore showing a keen interest in ways to generate passive income from decentralized sources.
AERO is up 75 percent in the weekly trend, LDO rises 52 percent and RAY 45 percent.
Buy Bitcoin now and benefit from the price rally!
