The cryptocurrency market made headlines today with a notable increase in value. Bitcoin (BTC) $97,995 surged from $92,000 to $95,000, surpassing a critical psychological barrier. Meanwhile, Stellar (XLM) emerged as the top gainer, experiencing a 26% increase within the last 24 hours, while IOTA (IOTA) also rose by 20%. This overall market activity has attracted renewed interest from market participants.
Overall Market Trends
The total value of the global cryptocurrency market increased by 2% to reach $3.34 trillion, despite a 16% decline in trading volume, which fell to $92 billion. As the holiday season concludes, trading volumes are anticipated to rise in the upcoming weeks.
Beyond Bitcoin, Ethereum (ETH) $3,637, XRP, and Solana $215 (SOL) also experienced gains. Ethereum rose by 1% to $3,394, XRP increased by 15% to $2,414, and Solana climbed by 4% to reach $198.
Top Gainers: Stellar (XLM) and IOTA (IOTA)
Stellar achieved the highest gains, increasing by 26% with its market value reaching $13.16 billion. IOTA also gained 20%, drawing attention with a market capitalization of $1.24 billion. Additionally, the XDC Network recorded a 19% increase, while UNUS SED LEO fell by 3.23% to $8.75. PEPE and Bitget Token (BGB) lost 2% and 1.5%, respectively.
Another notable development today was the positive performance of memecoins. Dogecoin $0.384668 (DOGE) and Shiba Inu (SHIB) both gained 4%, while Virtual Network (VIRTUAL) rose by 3% within the last hour.
The overall rise in the cryptocurrency market has rekindled interest among market participants. The price increases of Bitcoin and prominent altcoins are sending positive signals to the market.