Hold onto your hats, crypto enthusiasts, because today is a rollercoaster of gains! Ethereum (ETH) and Solana (SOL) have joined the ranks of the day's biggest winners, and it's an exciting time to be in the crypto world.
Bitcoin has been flexing its muscles, making a dramatic comeback over the past day by shooting up to $66,500—a level it hasn't seen since late September. It's like watching a comeback story unfold right before our eyes!
Not to be outdone, the altcoins are also basking in the green glow, and the total crypto market cap has ballooned by a whopping $100 billion overnight. It seems like “Uptober” is finally living up to its name after a rocky start when Bitcoin took a nosedive to under $59,000 just five days ago.
But fear not, because the bulls have revved up their engines, sending BTC soaring. After a weekend recovery to $63,000, this week kicked off with a bang, as Bitcoin added over $3,000 in value within hours, reaching $66,500. Although it has slightly dipped since, it's still riding high with a 5% increase today.
Bitcoin's market cap has exploded to a jaw-dropping $1.3 trillion, with its dominance over altcoins standing strong at over 54%.
Speaking of altcoins, the past 24 hours have been nothing short of spectacular. Ethereum, which had been lagging, has risen by 6.5%, reaching a multi-week high of over $2,600. Solana is also on fire, matching Ethereum's surge and now trading at $155. Meanwhile, Bitcoin Cash, NEAR, and UNI have outperformed with even bigger gains, and ENA and WLD are stealing the spotlight as the top performers among the 100 largest altcoins.
All this excitement has propelled the cumulative market cap of all crypto assets up by $100 billion overnight and $150 billion since the weekend, now standing at a colossal $2.4 trillion. It's a thrilling time to be in the crypto space—who knows what tomorrow will bring? Keep your eyes peeled for more action!
