Crypto Market Cap Reaches May 2022 Level with 6% Increase and Bitcoin Dominance at 50.94%
The global crypto market cap has risen by over 6% to reach $1.75 trillion, which is the highest level since May 2022. This increase is supported by a 30% rise in total crypto market volume in the last 24 hours. Bitcoin dominance has also risen to 50.94% due to an 8% rally in the last day, while Ethereum's price has increased by 7% to reach $2,428 and is gaining momentum towards $3,000. The rally began on New Year's Day as positive sentiment rose ahead of a possible spot Bitcoin ETF approval by the U.S. Securities and Exchange Commission (SEC) near January 10, 2024.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fantom’s Solid Pattern of Higher Lows: What’s Next for FTM Price?
LINK’s Nearly 5% Daily Jump Sparks Optimism- Will LINK Reach $20 Soon?
Sonic Soars Over 6%—Can a Successful Breakout Send It Toward $1?
Solana’s Path to $3,800—Will It Hold Above $130 This Weekend?
Trending news
MoreCrypto prices
More
