Bitcoin has surged past the $60,000 mark, signaling renewed bullish sentiment in the cryptocurrency market as highlighted by CryptoRank, a top analytic firm. This upward momentum has positively impacted the broader market, with many top cryptocurrencies showing substantial gains.
As per CoinMarketCap data at press time, Bitcoin trades at $60,772.35, reflecting a 4.57% increase over the past 24 hours. This rise has propelled Bitcoin dominance to 53.33%, a slight improvement of 0.51%.The overall market capitalization has grown to $2.25 trillion, up by 3.28%.
This broad-based increase reflects growing investor confidence despite the ongoing fear indicated by the Fear & Greed Index, which currently stands at 30. This index suggests that while fear still lingers, the market sentiment is more optimistic than in previous days.
Among the top ten cryptocurrencies, Binance Coin (BNB) and Dogecoin (DOGE) have emerged as notable performers. BNB has risen by 6.14%, trading at $569.12 with a trading volume of over $1.8 billion. This uptick underscores strong market confidence in BNB.
Similarly, Dogecoin has seen a 4.67% increase, now priced at $0.105216. The trading volume for Dogecoin stands at approximately $638 million, highlighting robust trading activity.
Bitcoin Holds at $58.3K Level, Aave Faces Resistance at $120
The top gainers on Tuesday include Sundog (SUNDOG), Voxies (VOXEL), NULS (NULS), Wrapped Dogecoin (wDOGE), and Drift Protocol (DRIFT). Sundog has witnessed an extraordinary 111.86% increase, trading at $0.166746. This dramatic rise signifies significant investor interest. At press time, Voxies follows with a 78.81% gain, priced at $0.245916. NULS has also experienced a substantial increase of 30.07%, trading at $0.372199.
Also, Wrapped Dogecoin (wDOGE) and Drift Protocol (DRIFT) have each seen notable gains as well. wDOGE is up by 5.45%, with a price of $0.105300. Drift Protocol has risen by 28.26%, trading at $0.422218. These gains reflect heightened interest and trading activity in these assets.
The market analysis on Monday painted a mixed picture. Bitcoin was trading below $59,000, showing a brief pause in its rally. Meanwhile, Toncoin (TON) led the gainers with a 5.02% increase, and XRP rose by 2.33%. In contrast, Dogecoin fell by 1.95%. However the performance on Tuesday marks a significant shift, with Bitcoin and other major cryptocurrencies rebounding strongly.
