Crypto Market Cap Surges Past $2.89 Trillion, Bitcoin Gains 2.04% in 24 Hours
The cryptocurrency market cap reached a new high of $2.89 trillion, up 1.33% from the previous day's $2.85 trillion. This increase comes as the total crypto trading volume rose by 7.94% in the past 24 hours, reaching $456.17 billion.
Bitcoin, the largest cryptocurrency by market capitalization, saw a 2.04% gain in the last 24 hours, trading at $86,004. This growth contributed to a 0.91% increase in Bitcoin's dominance, which now represents 59.75% of the market.
The top coins by market capitalization, including Bitcoin and Ethereum, saw gains in the last 24 hours. However, not all coins performed well, with Quant and Qubic experiencing losses of -14.70% and -14.15% respectively.
LayerZero stood out as the coin of the day, with a 9.40% gain and a current price of $1.88. According to the source, the current sentiment for LayerZero is bullish, based on technical indicators.