According to data from CoinMarketCap, cryptocurrency prices are rising today, with an increase of nearly 2% in the market. As of this edition's closing, the global cryptocurrency market capitalization stands at $3.9 trillion, after adding more than $46 billion in a rally led by Ethereum.
The largest altcoin surpassed $3,700, with a 5.74% increase in the last day. Ethereum's rise has caused Bitcoin's dominance to collapse, culminating in an impressive week where the asset recorded an increase close to 30%.
XRP remains excited after reaching a new all-time high, with a 3.79% increase on a strong Sunday boost. XRP bulls are eyeing a potential rise to $4, while the price of Solana remains at $182 after increasing by 3.17% in the cryptocurrency market.
Dogecoin and Cardano are keeping pace with Ethereum, recording gains exceeding 5%. Currently, ADA and DOGE are trading at $0.8 and $0.2, respectively. Among the ten largest cryptocurrencies by market capitalization, Bitcoin has recorded the smallest daily gains, with only 0.5%, despite Michael Saylor's buy signal.
While the Sunday Pump has generated some surprise, experts urge investors to act cautiously given the low trading volume. The daily trading volume in the cryptocurrency market has fallen by 9.71% in recent days, standing at $148 billion.