It was a green day in the crypto markets on Wednesday as investor sentiment turned bullish, leading many major cryptocurrencies to see significant gains. The total crypto market capitalization rose 3.41% to $1.28 trillion, while trading volume was up 10.93% to $51.97 billion.
Total crypto market cap rose 3.41% to $1.28 trillion on Wednesday
Trading volume was up 10.93% to $51.97 billion
Bitcoin climbed 4.15% to $36,754
Ethereum gained 5.23% to $1,709
Mina surged 21.81% to $0.7372 on upgrade news
Neo jumped 14.29% to $13.97
Meme coin Pepe rallied 13.92% to $0.000001329
Other notable gainers: Sui, Aave, Arweave, Theta Network, 1inch
Gala and OKB posted gains of 19.96% and 9.80%
dYdX in DeFi space climbed 9.07% to $2.61
Bullish momentum across major cryptos and smaller altcoins
Crypto market cap could push towards $2 trillion if bull run continues
Bitcoin, the largest cryptocurrency by market cap, climbed 4.15% to $36,754. Ethereum, the second largest crypto, was up 5.23% to $1,709.
Several altcoins saw double digit percentage gains. Mina was the top performer, surging 21.81% to $0.7372 on news of a network upgrade. Neo jumped 14.29% to $13.97, while meme coin Pepe rallied 13.92% to $0.000001329.
Other notable gainers included Sui, up 12.02% to $0.5972; Aave, up 11.01% to $106.34; and Arweave, up 10.91% to $7.70. Theta Network gained 10.75% to $0.9066, while 1inch Network rose 10.50% to $0.3788.
Gala and OKB also posted impressive gains of 19.96% and 9.80% respectively. In the decentralized finance space, dYdX climbed 9.07% to $2.61.
One of the top large cap performers was Chainlink, a blockchain oracle network that provides real-world data to smart contracts. Chainlink rallied 9.01% to $14.64. Chainlink allows smart contracts to interact with real-world data and systems securely. The rally in Chainlink signals increased adoption and demand for its oracle services.
With bullish momentum across both major cryptocurrencies like Bitcoin and smaller altcoins, the crypto market seems to be gaining upside traction. If the bull run continues, we could see the total market cap push towards $2 trillion in the near future.
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