Market Capitalization Reaches New Heights as Cryptocurrency Prices Rise Across the Board

The crypto market is experiencing a significant upward movement today, with prices rising across major coins. In the past 24 hours, the total market capitalization has grown to around $3.83 trillion, increasing by an impressive 2.75 percent.

Ethereum (ETH) is making headlines, surging nearly 6 percent in just one day. It’s now trading at a remarkable $3,821 with a market cap of $461 billion. Experts are now searching for a potential break above the psychological barrier of $4,000, which could trigger a push towards $4,400 or higher.

Meanwhile, Ripple (XRP) has also seen substantial growth, as it agreed to acquire stablecoin platform Rail in a deal worth $200 million. The acquisition is perceived as part of Ripple’s broader push into the stablecoin market and payments infrastructure. Following this news, XRP has jumped over 3 percent in 24 hours and is now trading at a remarkable $3.04.

Some analysts speculate that this could propel XRP even higher, particularly if the acquisition leads to new partnerships or regulatory clarity.

Bitcoin (BTC), while not as explosive as other coins, remains strong with a market cap of over $2.3 trillion. A clean break above $120,000 could attract fresh buying interest.

Across the market, other top altcoins are also beginning to rise. Solana has climbed to $170, Dogecoin is now above $0.21, and Cardano is trading at $0.76. Sui has surged to $3.72, and Chainlink is sitting at $17.62 with a strong 7 percent gain today.

The Fear and Greed Index currently sits at 54, indicating a neutral sentiment. However, the rising interest in altcoins is pushing the Altcoin Season Index up to 36, suggesting that more traders are exploring tokens beyond Bitcoin.

Source: coinpedia.org