The cryptocurrency market continues to surge with many coins and major sectors recording impressive growth in the past 24 hours.
Bitcoin reached a new peak, surpassing 124,000 USD, while many sectors like Layer 2, Meme, and CeFi also saw strong increases, reflecting the market's vibrancy.
MAIN CONTENT
Bitcoin reached a new peak with a market capitalization exceeding 2.4 trillion USD.
Layer 2, Meme, and CeFi are cryptocurrency sectors experiencing strong growth.
OKB surged over 130% due to the coin deflation policy.
How has the cryptocurrency market performed in the past 24 hours?
The cryptocurrency market continues to grow, with major coins recording increases from 2% to 8% in the past 24 hours.
Bitcoin rose by 3.58%, hitting a new historical peak above 124,000 USD, with a market capitalization of 2.457 trillion USD, surpassing the value of Alphabet (Google) and climbing to 5th place in the global asset ranking. Ethereum also rose by 3.44%, surpassing 4,700 USD.
In addition, sectors like MAG7.ssi increased by 5.22%, DEFI.ssi increased by 6.68%, and MEME.ssi grew strongly by 8.74%, showing the spreading interest and diversity of investors.
Which cryptocurrency sector has the most outstanding performance?
Layer 2, Meme, and CeFi are sectors with outstanding growth performance, with an average increase ranging from 5% to nearly 10% in 24 hours.
Specifically, Layer 2 increased by 8.33% with Arbitrum (ARB) and zkSync (ZK) both increasing over 16%, demonstrating strong development of scaling solutions for Blockchain. The Meme sector also rose by 5.59%, with Tokens like Official TRUMP and Fartcoin increasing by 7.01% and 10.17%, respectively. CeFi increased by 5.39%, with OKB being the standout with a surge of 132.71% due to reduced supply.
The announcement of the buyback of 65.25 million OKB created a deflation effect, helping the price of OKB rise sharply and reinforcing investor confidence.
CEO OKX, 2024
What is the impact of the deflation policy on OKB?
The policy of burning a large amount of OKB is seen as an important move to stabilize and enhance the value of this Token.
The burning of approximately 65.25 million OKB that was repurchased and setting a fixed total supply of 21 million has helped reduce selling pressure and promote scarcity. As a result, the price of OKB increased by over 130% in the short term, demonstrating the effectiveness of the deflation policy in Token governance.
What do the cryptocurrency sector index figures reflect?
The SSI indices of the cryptocurrency sectors show that the Layer 2, Meme, and CeFi groups all have outstanding growth compared to the overall market.
Specifically, the ssiLayer2 index increased by 9.73%, ssiMeme increased by 6.03%, and ssiCeFi increased by 5.40%, reflecting a positive trend and transparency in the development of these sectors, creating a bright spot to attract investment flows.
Frequently Asked Questions
What has been the highest price Bitcoin has reached recently?
Bitcoin has just set a new peak above 124,000 USD, with a market capitalization reaching 2.457 trillion USD, according to the latest data.
Which sector in cryptocurrency is experiencing the strongest growth?
Layer 2, Meme, and CeFi are sectors with impressive growth rates, where Layer 2 increased nearly 9% and OKB in CeFi rose over 130%.
How does the deflation policy affect the price of OKB?
The buyback of a large amount of OKB has reduced supply, creating a deflation effect that helps the price of OKB rise sharply in a short time.
How much has Ethereum increased in the recent price surge?
Ethereum increased by 3.44%, surpassing the threshold of 4,700 USD, contributing to the overall positive trend of the market.
What does the cryptocurrency sector index reflect about the current market?
The SSI index of Layer 2, Meme, and CeFi sectors all increased, indicating the expansion and sustainable development of these fields in the cryptocurrency market.
Source: https://tintucbitcoin.com/bitcoin-vuot-124-000-usd-lap-dinh-moi-2/
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