#CryptoRocket 💪 🚀 👨🚀 🚀 👨🚀 $ETH
#The global cryptocurrency market has experienced a notable upswing, reaching a total market capitalization of $3.28 trillion, representing a 2.62% increase over the last 24 hours. This surge reflects growing investor confidence and sustained bullish sentiment across major digital assets.
Market Momentum Grows with Rising Volume
Accompanying this market cap growth is a significant spike in trading activity. The 24-hour cryptocurrency market volume has surged to $322.92 billion, marking a 27.42% increase. This heightened volume suggests stronger market participation, possibly fueled by both institutional inflows and heightened retail engagement.
Bitcoin Holds Ground Above $100K
Bitcoin (BTC) continues to trade strongly, currently priced at $103,157. The leading cryptocurrency has posted a 0.76% gain in the last 24 hours, reinforcing its position above the critical $100K psychological threshold. Despite this, Bitcoin dominance has dipped by 0.76%, now standing at 62.60%, indicating that altcoins are beginning to outperform BTC on a relative basis.
Altcoin Market Signals Rotation
The decline in BTC dominance suggests a rotation of capital into altcoins, with several Layer 1 and DeFi tokens showing strong daily performances. Traders and investors may be diversifying their portfolios to capture gains from smaller-cap projects, especially those with growing ecosystems and use-case adoption.
Market Outlook: Bullish Momentum Builds
With the total market cap pushing higher and volume spiking significantly, technical indicators are aligning to support continued upside momentum in the short term. Traders should monitor key resistance levels across major assets and keep an eye on macroeconomic events that may influence risk appetite in crypto markets.
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