Altcoin Momentum Pushes Crypto Market Cap Past $4 Trillion
Main Idea
The cryptocurrency market saw significant growth, with its total market capitalization briefly exceeding $4 trillion, driven by strong performances from altcoins like Ether and LINK.
Key Points
1. The cryptocurrency market's total capitalization briefly surpassed $4 trillion, marking the second time in two weeks.
2. Ethereum (ETH) surged by more than 21%, reaching approximately $4,215, a level last seen in December 2021.
3. Chainlink (LINK) recorded the biggest surge among top 20 digital assets, rising 33.6% and reaching a peak of $21.22.
4. Other notable gainers included Dogecoin (DOGE) with a 24% increase and XLM with a 20.4% rise.
5. Some cryptocurrencies, like TON and XMR, saw declines, with XMR dropping by 7% over seven days.
Description
The cryptocurrency market closed the week on a positive note, with its total market capitalization briefly exceeding $4 trillion. Ether and LINK were standout performers, rising over 21% and 33% respectively. Top Performers: ETH and LINK The cryptocurrency market closed the week higher, with its total market capitalization briefly surpassing the $4 trillion mark for
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