Cryptocurrencies witnessed a significant market surge on Wednesday, reaching a combined market capitalization of $3.5 trillion, spurred by a 4.8% daily increase. Altcoins outperformed Bitcoin, with the broader crypto sector gaining 5% compared to Bitcoin's 3.3% rise. This surge was attributed to heightened trading activity, fueled by anticipation surrounding Donald Trump's inauguration and renewed interest in blockchain solutions for traditional finance. Stellar (XLM) and Ripple (XRP) mirrored each other's upward trajectory, driven by speculation about Trump's crypto-friendly policies. Solana (SOL) also saw a notable 9% gain, fueled by strong on-chain activity and AI integration.
Cryptocurrencies aggregate market capitalization reached $3.5 trillion on Wednesday, rising by $152 billion within the daily timeframe This 4.8% increase is the highest single-day crypto market gains since in 35 days dating back to December 11. Bitcoin price rose as high as $100,600, rising 3.3% on the day. BTC’s 3% gains trails the broader crypto sector gains of 5%, signalling that investors are currently leaning into the altcoin market.
Trading volumes remained substantial, with $2.7 billion exchanged within 24 hours, emphasizing sustained demand for these Layer-2 scaling solution projects. Notable performers included Mode, which surged 10.1% as developer adoption strengthened its position in the ecosystem. Arbitrum gained 5.6%, supported by growing DeFi integration, while Optimism also posted gains of 4.8%, Meanwhile, tokens like Mantle experienced modest growth at 2.2% on the day, despite a 6.
CRYPTOCURRENCY ALTCOINS BITCOIN STELLAR RIPPLE SOLANA TRUMP LAYER-2 ETHEREUM ETF
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