The cryptocurrency market gained significant momentum as Bitcoin 
$96,047 traded between $95,000 and $99,000. In the last 24 hours, Bitcoin increased by 2% reaching $97,500, while XRP saw a remarkable rise of 28% to $2.40. Hedera (HBAR) emerged as the top performer of the day with a 44% increase, boosting the overall market cap by 3% to $3.49 trillion and pushing trading volume past $170 billion.
Positive Momentum Continues for Altcoins
A positive atmosphere persists in the global cryptocurrency market. Bitcoin’s stable rise has positively influenced altcoins. XRP’s value increased by 28%, raising its market dominance to 4%. Hedera (HBAR) stood out with a 44% increase, reaching $0.24, while Kaia (KAIA) attracted attention with a 40% rise.
However, despite the overall market increase, some cryptocurrencies experienced declines. CORE lost 12% of its value, while Ethena (ENA) dropped by 6%. These declines were seen as influenced by minor fluctuations in Bitcoin’s price.
Market Volume and Investor Interest Are Rising
In the last 24 hours, the global market cap grew by 3%. Trading volume saw a 10% increase, surpassing $170 billion, indicating sustained interest from investors in cryptocurrencies. Experts predict that this positive momentum in the market may continue.
These developments in the cryptocurrency market require investors to closely monitor market dynamics. Bitcoin’s strong performance is supported by the rise of cryptocurrencies like XRP and HBAR. Whether this trend continues will depend on market conditions.
