Bitcoin’s recovery stalled near $78,000, while several altcoins saw significant gains. HYPE surged 19% to $58, nearing a new all-time high, and ZEC jumped over 13%. The total cryptocurrency market cap increased by over $30 billion, approaching $2.68 trillion as broader market sentiment showed signs of improvement.
Bitcoin’s price recovery pushed the asset to just over $78,000 before it was stopped and driven south by around $500. This follows a week where Bitcoin was rejected at $82,000 on several occasions, later falling to a low near $76,000.
The largest digital asset’s market capitalization now sits below $1.56 trillion. Its dominance over alternative cryptocurrencies has been slightly reduced to 58.2%.
In contrast, two larger-cap altcoins have stolen the show with double-digit gains. HYPE has rocketed by 19% daily to $58, bringing it inches away from a new all-time high.
ZEC has added over 13% of value and now trades well above $660. They are followed by notable gains from DASH and MNT.
Ethereum continues with a slightly underwhelming performance, trading just above $2,100. Minor daily gains are evident from assets like BNB, SOL, and DOGE.
The total cryptocurrency market cap has increased by over $30 billion in a day. It is now close to $2.680 trillion according to data from CoinGecko.
