Price: $0.38572 1.3767%
Market Cap: 56.66B 1.7403%
Volume (24h): 8.03B 0.4%
Dominance: 1.7403%
Price: $0.38572 1.3767%
Market Cap: 56.66B 1.7403%
Volume (24h): 8.03B 0.4%
Dominance: 1.7403% 1.7403%
  • Price: $0.38572 1.3767%
  • Market Cap: 56.66B 1.7403%
  • Volume (24h): 8.03B 0.4%
  • Dominance: 1.7403% 1.7403%
  • Price: $0.38572 1.3767%
Home > Information news > Cryptocurrency Markets Experience Significant Surge Today

Cryptocurrency Markets Experience Significant Surge Today

Release: 2024/11/11 14:33 Reading: 554

Original author:COINTURK NEWS

Original source:https://coinmarketcap.com/community/articles/67319ae6d9210108e642efeb

Cryptocurrency Markets Experience Significant Surge Today

Cryptocurrency Markets Surge, Boosting Confidence

Today, the cryptocurrency market has witnessed a significant surge, rallying global user sentiment. Bitcoin (BTC) has reached new trading levels, surpassing the $81,000 mark. Other major cryptocurrencies, including Ethereum (ETH), Solana (SOL), and XRP, have gained between 3% and 11%, bringing joy to users. Notably, Dogecoin (DOGE) has emerged as the day's top-performing meme coin.

Overall Market Situation

The global cryptocurrency market capitalization has increased by 1.86% in the past 24 hours, reaching $2.65 trillion. The total market volume has also risen by 19.50%, amounting to $149.31 billion. This scenario indicates sustained user interest in cryptocurrencies.

Notable Cryptocurrencies

Bitcoin has experienced a 5% increase in the last 24 hours, trading at $81,437. Ethereum has reached $3,198 with a 3% rise. Solana and XRP have gained 4% and 4.5%, respectively, sending positive signals to users.

Prominent analyst Ali Martinez commented, "The new peak of Bitcoin has not yet been fully realized."

Activity in Memecoins

Dogecoin surged by 29%, reaching $0.2941 and maintaining its lead among meme coins. Shiba Inu (SHIB) rose by 19% to $0.00002654. Other popular meme coins like PEPE, WIF, and BONK also increased by between 11% and 23%.

Cronos (CRO) reached $0.1339 with a 26% increase. WIF climbed 23% to $3.09, while FLOKI gained 21%, reaching $0.0001816. In contrast, some altcoins like Raydium, Helium, and Aave experienced declines; Raydium and Helium fell by 4%, and Aave lost 3%.

Short-Term Indicators

According to the latest hourly data, Bitcoin increased by 0.42%, while Ethereum showed a slight decline of 0.3%. Some opinions suggest that this upward trend in the market could signal the onset of a major bullish market.

Cryptocurrency markets are attracting attention with rising trends and increasing trading volumes.

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