The cryptocurrency market experienced a modest rally today, with Bitcoin climbing 2.51% to $37,358.56, despite a slight weekly decline of 0.38%. Ethereum followed suit, gaining 3.76% to trade at $2,061.58, for a small weekly gain of 0.31%. Other notable cryptocurrencies also saw gains, with BNB up slightly to $236.04 and XRP up to $0.66.
Altcoins such as Cardano and Dogecoin also saw growth, with their prices reaching $0.33 and $0.077 respectively. Despite these gains, some cryptocurrencies struggled on a weekly basis. Solana saw a daily increase to $57.96, but suffered an overall weekly loss of 11.25%. Polka Dot appreciated to $5.19 for the day, but experienced a 7.16% decline for the week.
The market saw significant gains in certain tokens, with FTX token leading the way with a gain of over 31%. Blur wasn’t far behind with an approximate 27% increase. Uniswap, Klaytn and ORDI also made notable jumps with rates around 18%, 15% and 14% respectively.
Stablecoins such as Tether and USD Coin saw minor value adjustments. In the decentralized finance (DeFi) sector, Chainlink rose to around $14.49, while Avalanche saw a slight increase to around $21.06.
The global cryptocurrency market cap stood at around $1.42 trillion, up nearly 5% from the previous day, signaling a positive sentiment among investors in the digital asset space today.
