Crypto market gains $200 billion in just a few days; Ethereum hits $4,2
- Crypto market adds $200 billion in just a few days
- Ethereum hits $4,2, its highest in years
- Bitcoin Dominance Drops to 58%
At the time of publication, the price of BTC today was quoted at US$ 117.112 with an increase of 0,5% in the last 24 hours.
Bitcoin traded around $117, following a surge in recent days and a failed attempt to break through the $118 barrier. Its market capitalization remained at around $2,33 trillion, while its dominance over other cryptocurrencies decreased by approximately 2 percentage points, reaching nearly 58%.
The total market value of cryptocurrencies has soared by nearly $200 billion since Thursday, once again surpassing the $4 trillion mark, amid a significant recovery in the most relevant crypto assets.
Meanwhile, altcoins took center stage. Ethereum was the standout performer, climbing to $4.200—a level not seen since December 2021. The move was driven by liquidations of short positions, with forced sales totaling approximately $207 million. Experts point out that this rebound could trigger a round of appreciation in other altcoins.
Among the altcoins with the highest percentage gains, DOGE, LINK, and HYPE saw gains of up to 8%, while mid-cap tokens like CRO, UNI, and XMR also performed strongly. ENA stood out with a 20% increase, reaching approximately $0,73, and PEPE saw an 11% increase. Pi Network's token also reacted well, rising 10% to approximately $0,40.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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