Today, the global virtual currency market experienced an impressive recovery, boosted by a series of positive news. Its overall market valuation saw a 2.35% increase to $3.62 trillion.
Also, its market volume witnessed a 39.84% rise to $207.34 billion, suggesting increased enthusiasm in the market. Furthermore, the fear and greed index stood at 75, highlighting expanded user optimism in the market.
Bitcoin rises to $105k
Today, Bitcoin experienced a 2.73% increase, placing its value at $105,198.37 at press time. Its market dominance also stood at 57.47%, showcasing its continued remarkable resilience.
While its trading volume rose by 64.22% to currently stand at $98.6 billion, its market cap recorded an increase of 2.67% to $2.08 trillion. All these positive figures suggest rising user confidence in the digital asset.
Altcoins see green
Today, prominent cryptocurrencies in the top 10 section show green. Generally, they are up today as they followed Bitcoin’s green performance, also bolstered by positive news and market sentiment.
Starting with Ethereum, the second largest cryptocurrency recorded a 5.73% rise to trade at $3,405 currently. Also, XRP witnessed a 1.95% surge, making its value to hover at $3.17.
Moving down, Solana recorded the highest rise of 6.11%; as a result, its value is currently trading at $263.58. While BNB registered a mild rise of 0.29%, which placed its price at $688.83, Dogecoin saw a 2.31% uptrend to $0.3599. Lastly, Cardano and TRON also experienced 3.36% and 4.59% increases, placing their values at $1.00 and $0.2588 respectively.
Top news in the market
Today, crypto markets received exciting news events, which seem to have played a crucial role in multiple assets’ resurgences.
First, US President Trump signed an executive order associated with artificial intelligence to make the country a hub of AI in the world. The president also signed an executive order to establish a crypto working group mandated to propose a new legislative framework for cryptocurrencies and explore the development of a crypto reserve.
Elsewhere, World Liberty Finance, a crypto DeFi platform owned by President Trump, once again bought 10.61 million TRON tokens worth $2.65 million. The project also bought another 3,079 Ethereum coins worth $10 million six hours later. These purchases demonstrate the WLF’s commitment to diversify their holdings, believing in the long-term growth potential of these tokens and many other digital assets.
Lastly, THORChain halted its trading operations due to excessive debts and financial woes impacting its ecosystem. The decentralized exchange faces insolvency issues because of the ongoing financial uncertainties and is currently considering a restructuring plan to turn around its crisis. As a result, Rune saw a 30% decline following news that THORChain suspended network operations.
Top gainers today
Upcoming altcoins continued to maintain their outstanding performance though different faces became victorious today. LIMBO emerged as the top gainer with a whopping 174% increase over the past 24 hours.
XPR followed it with a remarkable 76% rise. LUMO secured the third position with an impressive 72% upsurge. Finally, MEMDEX and GRAIL closed today’s top gainers list with 48.4% and 46.9% increases respectively.
