The cryptocurrency market saw significant volatility over the past 24 hours as Bitcoin surged toward the $70,000 level after a sharp dip below $66,200. While most major altcoins posted modest gains, XDC led the day’s top performers with a 9% increase, followed by ICP and JUP. In contrast, AAVE was the largest daily decliner among major assets, dropping 6%.
Bitcoin experienced sharp price swings, briefly falling below $66,200 before rebounding to challenge $70,000 again. The asset’s volatility followed a week of geopolitical tension and rapid price movements.
Most larger-cap altcoins traded slightly higher on a daily scale. Ethereum challenged the $2,000 level, while BNB tapped $640 and maintained its position above XRP in market cap rankings. Solana and Bitcoin Cash each gained around 2%.
The day’s standout performer was XDC, which skyrocketed 9% to trade at $0.035. Internet Computer and Jupiter also posted notable gains, following XDC’s lead. Conversely, AAVE lost the most value among major altcoins, declining by 6% to $113.
Bitcoin’s market capitalization climbed to almost $1.4 trillion. Its dominance over alternative cryptocurrencies increased to 57% according to market data.
The cumulative market cap of all crypto assets rose by nearly $100 billion from the previous day’s low. The total market valuation reached $2.440 trillion.
