Bitcoin Surges to New All-Time High, Leading Cryptocurrency Market Rally
Bitcoin's Historic Rise
Bitcoin reached a new all-time high of $93,863.5 on Sunday, marking a 10.15% daily increase. This surge represents the largest one-day percentage gain since November 11, 2024. Bitcoin's market cap climbed to $1,827.1B, accounting for 59.27% of the total cryptocurrency market cap.
Market Momentum
Over the past 24 hours, Bitcoin traded between $85,069.3 and $93,876.5. Despite a 3.39% drop over the past week, Bitcoin's trading volume reached $38.7B, representing 31.31% of the total cryptocurrency volume. This significant trading activity underscores Bitcoin's dominance in the market.
Ethereum and XRP Rally
Ethereum also saw a notable increase, rising 12.62% to $2,474.86. Its market cap stands at $297.8B, representing 9.66% of the total cryptocurrency market. XRP experienced an even more dramatic surge, gaining 37.74% to $2.9509, with a market cap of $165.6B, or 5.37% of the total market value.
Conclusion
The cryptocurrency market is showing strong momentum, with Bitcoin leading the charge to new heights. As Bitcoin's price reaches unprecedented levels, investor confidence and market activity continue to drive growth across the sector.
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