Crypto Market Rebounds as Bitcoin Hits $110,000 and Ethereum Jumps Above $2,000
The broader market has also benefited from the rally, as total market capitalization reached $3.43 trillion, up 1.71% on the day.
Bitcoin remains the dominant force, holding 63.9% market share with a daily trading volume exceeding $45.3 billion. Despite modest gains of under 1% across multiple timeframes, the benchmark cryptocurrency’s continued climb signals strong investor confidence.
Ethereum, meanwhile, posted sharper gains, rising over 5% in the past week and 6.1% in the last month. Its market cap stands at approximately $330.7 billion, with daily trading volume surpassing $21 billion, highlighting increased interest in ETH alongside BTC.
XRP Faces Roadblocks Beyond the Chart
The market’s daily trading volume rose 6.85% to $108.95 billion, suggesting traders are positioning ahead of potential catalysts later this month.
While bullish momentum is evident, analysts caution that sharp movements at these levels often bring volatility, especially as the market nears resistance zones and macroeconomic data looms.