🚀 Crypto Market Valuation Surges After Turbulence
📈 The crypto market experienced a significant rebound on Wednesday, with its total valuation increasing by over 9% as bitcoin surpassed the $83,000 mark during afternoon trading. The leading cryptocurrency rose by 8.4%, but some altcoins outperformed this growth.
🌟 Notable performers included POP, a meme-inspired asset that jumped by 36.44%, and FLR, which saw a 32.83% increase against dollar-pegged valuations. Mid-tier assets also benefited from the bullish trend, with TEL advancing by 25.40%, HYPE rising 24.38%, AERO climbing 24.32%, and PENDLE finishing with a 23.60% uptick.
🔥 Other assets that stood out on Wednesday included S, CHEX, RSR, SPX, RENDER, and SUPER. However, BDX was the day's biggest loser, declining by 0.96% over 24 hours.
💰 After a week of volatility, trading volumes centered around USDT, BTC, and ETH, followed closely by USDC, XRP, SOL, FDUSD, DAI, DOGE, BNB, and SUI. Overall trade activity increased by 62.44% compared to the previous session, surpassing $178 billion in daily turnover.
🔝 Despite the altcoins' impressive gains, bitcoin remains dominant with a 62.5% share of the $2.63 trillion digital asset market, while ETH holds a 7.6% stake. The total valuation of altcoins, however, still remains below the $1 trillion mark.
