Crypto Market Adds $14B in Under 24 Hours Amid Ongoing Volatility

The cryptocurrency market has witnessed a significant surge in under 24 hours, adding $14 billion to its total capitalization. This move brings the overall market cap closer to $2.83 trillion.

This gain is not unusual for the crypto market, which is known for its volatility. In fact, daily fluctuations have been averaging around 0.8%, making a $14 billion bump almost insignificant by comparison.

The market's performance can be put into perspective by looking at recent history. On September 3, the market surged by $112 billion in a single session, pushing the total market cap to $2.7 trillion as Bitcoin climbed above $81,000.

Bitcoin remains above $81,000 and its dominance currently sits between 57% and 59%, indicating that altcoins are actively participating in rallies rather than simply following Bitcoin's lead.