Altcoin Surge Drives Crypto Market to New Heights Despite Bitcoin Lag

The cryptocurrency market capitalization has hit $2.8 trillion, its highest level since January this year, after buyers dominated the market from Sunday.

Altcoins are leading the rally, with legislative initiatives by the SEC and CFTC driving their rise above May's highs, a strong bullish signal for an uptrend.

The top performers over the past 24 hours were NEAR Protocol (+24.4%), Avalanche (+14.5%) and The Graph (+10%), while Uniswap (-0.3%), Dash (+0.6%) and IOTA (+0.7%) lagged behind.

Bitcoin, however, appears to be lagging at 5% gain for the week with a price of $81.6K, still below its resistance level from early September and May.