The overall cryptocurrency market experienced a modest surge in the last 24 hours, with a total market value of over $4.05 trillion, with a 3.3% increase. The trading was solid, with an aggregate volume of nearly $161 billion a day, evidence of strong investor involvement despite overall macrocaution. Bitcoin dominance stands steady at 57%, while Ethereum holds about 13.8% of the market share.
Bitcoin (BTC) gained around 3.45% to trade at about $116,585, recovering following a downturn after hitting an all-time high (ATH) of 124K in the second week of August, according to CoinGecko. Ethereum (ETH) climbed nearly 12.1% higher, trading at approximately $4,750.55 on CoinGecko at this time. XRP also gained traction, climbing 4.7% to roughly $3.03
Crypto Price Performance of Top 10
- Bitcoin (BTC)
Bitcoin is trading at $116,585, registering a 24-hour rise of 3.4%. With a 27% jump in trading volume to $77.04B. - Ethereum (ETH)
Ethereum is trading at $4,750.86, registering a 24-hour gain of 7.95%. With a 54% jump in trading volume to $59.71B. - XRP (XRP)
XRP is trading at $3.02, registering a 24-hour rise of 4.40%. With a 74% jump in trading volume to $8.84B. - BNB (BNB)
BNB is trading at $882.41, marking a 24-hour gain of 2.60%. With a 13.4% drop in trading volume, standing at $3.04B. - Solana (SOL)
Solana increased $196.28, registering a 24-hour rise of 3.87%. With a 40% jump in trading volume to $8.34B. - Dogecoin (DOGE)
Dogecoin increased $0.2360, recording a 24-hour gain of 7.80%. With a 60% jump in trading volume to $3.84B. - TRON (TRX)
The TRON price increased $0.3636, marking a 24-hour rise of 0.90%, with a jump of 19.67% in the trading volume of $1.35B. - Cardano (ADA)
Cardano is trading at $0.9276, registering a 24-hour gain of 8.20% with a jump of 67.49% in a trading volume of $2.39B. - Chainlink (LINK)
Chainlink is trading at $27.70, recording a 24-hour gain of 6.06%, with a jump of 24% in trading volume $3B. - Hyperliquid (HYPE)
Hyperliquid (HYPE) trading at $44.21, marking a 24-hour rise of 5.18%, with a jump of 28% in trading volume $309.7B.
Most Trending Cryptos Today
The top trending coins in the last 24 hours, according to CoinMarketCap, are Bio Protocol (BIO) at $0.2332, which surged by 59.29%; Matchain (MAT) at $1.23, which soared by 95.80%; Aerodrone Finance (AERO) at $1.53, which surged by 16.4%; Sui (SUI) at $3.46, which rose by 6.68%; and SKALE (SKL) at $0.03920, which surged by 28.32%.
Market Sentiment and Institutional Flows
The Fear and Greed Index stands at 46, which indicates a neutral mood in the market. Additionally, with the Altcoin Season Index at 45, it suggests Bitcoin is still ahead in the race. Moreover, the CoinMarketCap 100 Index is indicating a 4.95% rise, reflecting a strong performance.
A wave of liquidations swept through the market, hitting leveraged traders hard.
With Bitcoin reclaiming ground near $116K and Ethereum leading altcoin gains, the market appears to be entering a cautiously optimistic phase. Meanwhile, traders closely monitor macroeconomic signals, but the surge in volumes and the resurgence of institutional players suggest a significant development. The whole focus is on whether Bitcoin will be able to maintain its further upsurge and whether other cryptocurrencies will be able to continue the bullishness.
Also Read: Bitcoin’s 10–15% Drawdowns Signal Market Maturity: Anthony Pompliano
