Solana Leads Altcoin Rally as Crypto Market Cap Reaches Record High
Main Idea
The cryptocurrency market reached a new all-time high of $4.189 trillion, with Solana leading the altcoin rally and Ethereum nearing its lifetime high.
Key Points
1. The total cryptocurrency market capitalization reached $4.189 trillion on Aug. 13, a new all-time high.
2. Solana (SOL) was the top gainer among large-cap altcoins, rising by 15% in 24 hours and testing the $200 mark.
3. Ethereum (ETH) was closing in on its all-time high, contributing significantly to the market rebound.
4. Solana's market capitalization rose to approximately $109 billion, nearing BNB's $119 billion.
5. Bitcoin's dominance fell from around 60% to just over 57% during the period.
Description
On Aug. 13, the total market capitalization of the cryptocurrency ecosystem approached $4.2 trillion, reaching $4.189 trillion, a new all-time high. Solana Leads Top Altcoins as ETH Nears Lifetime High On Wednesday, the cryptocurrency ecosystem’s total market capitalization neared the $4.2 trillion mark after several high-cap altcoins recorded significant 24-hour gains. As shown by Coingecko
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