The cryptocurrency market continues its upward trend. Bitcoin (BTC) 
$98,050 has shown a significant recovery by surpassing the $96,000 mark. With a positive sentiment across the market, DeXe (DEXE) emerged as the top performing altcoin of the day, witnessing a 30% increase. The total market capitalization has risen to $3.41 trillion, and trading volume has surged 30% in 24 hours, reaching $121 billion.
Bitcoin and Altcoins Gain Momentum
The recovery in Bitcoin has also invigorated the altcoin market. The rise in the largest cryptocurrency has sparked new hope among investors. Additionally, there is a noticeable increase in interest towards Bitcoin ETFs, with major investment firms like Bitwise, Fidelity, and ARK & 21Shares directing substantial capital into Bitcoin-based funds.
Robert Kiyosaki remarked, “I expect Bitcoin’s price to range between $175,000 and $350,000 this year,” which has raised market expectations. Consequently, the Crypto Fear and Greed Index has reached 57, indicating a balanced sentiment among investors.
Top Gainers and Losers of the Day
Among the day’s top gainers, DeXe rose by 30%, SPX6900 by 27%, and Fartcoin by 25%. DeXe’s market capitalization has reached $1.11 billion, with a trading volume of $72 million. Fartcoin, a Solana 
$213-based memecoin, has attracted investor attention by reaching new peak levels.
On the other hand, Virtual Protocol fell by 8% and Hyperliquid by 7%, making them the biggest losers of the day. Altcoins like XDC Network and Pudgy Penguins experienced declines between 4-5%. These downturns reveal some pressure points in the market.
The director of Ripple 
$2 for the MENA region stated, “We expect significant advancements in stablecoin usage and Blockchain technology by 2025,” offering insights into the sector’s future.
The overall upward trend in the cryptocurrency market has resulted in short-term gains for Bitcoin and altcoins. However, investors are advised to maintain caution in volatile market conditions. Bitcoin continues to trade above the critical level of $96,000.
