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The crypto market is experiencing a remarkable surge today, with prices skyrocketing across major coins. In just 24 hours, the total market capitalization has swelled to an astonishing $3.83 trillion, representing a staggering 2.75% growth.
Ethereum (ETH) is leading the charge, surging nearly 6% in one day and currently trading at $3,821 with a market cap of over $461 billion. Industry experts are now pondering the possibility of a breakout above $4,000, which could lead to a rapid ascent toward $4,400 or higher.
Ripple (XRP) has also made headlines today, as it agreed to acquire stablecoin platform Rail in a deal valued at an astonishing $200 million. This bold move is seen as part and parcel of Ripple’s broader push into the stablecoin market and payments infrastructure. Following this announcement, XRP has risen over 3% in 24 hours and now trades at a remarkable $3.04.
Some analysts are suggesting that this could propel XRP even higher, particularly if the acquisition leads to new partnerships or regulatory clarity.
Bitcoin (BTC) is currently trading at an impressive $116,474, up nearly 2% from yesterday’s close. Although its pace of growth may be slower compared to other altcoins, Bitcoin remains robust, boasting a market cap of over $2.3 trillion. A clean break above $120,000 could attract fresh buying interest.
Other top altcoins are also starting to make their presence felt in the market. Solana (SOL) has climbed to $170, Dogecoin (DOGE) is now trading above $0.21, and Cardano (ADA) is currently at $0.76. Sui (SUI) has surged to $3.72, while Chainlink (LINK) is hovering around $17.62, with a robust 7% gain today.
The Fear and Greed Index is currently standing at 54, indicating a neutral sentiment in the market. However, the rising interest in altcoins is pushing the Altcoin Season Index up to 36, hinting that more traders are venturing beyond Bitcoin to explore other tokens.
Source: coinpedia.org
