- Ethereum gains 2.56% in 24 hours, outpacing Bitcoin’s daily rise.
- Small-cap tokens surge, causing $393M in daily liquidations.
The cryptocurrency market continued its upward momentum, driven by rising institutional demand and favourable regulatory signals. Ethereum outperformed Bitcoin, climbing closer to the $3,800 mark. Market capitalization reached $4.15 trillion, while trading volume hit $92.66 billion in 24 hours. Investor sentiment remained high, with the Fear & Greed Index rising to 71.
Ethereum Leads as Altcoin Index Expands
Ethereum recorded a 3.65% daily gain, trading at $3,792, outperforming Bitcoin’s 0.99% rise to $119,088. Analysts from CryptoRank linked Ethereum’s rally to stronger ETF inflows compared to Bitcoin’s, marking a shift in institutional focus. ETH dominance increased to 11.06%, while BTC dominance dropped to 57.09%.
Several smaller tokens posted sharp gains. Privapp Network surged 138.6% to $0.00330 with a market cap of $10.8 million. QANplatform followed with a 93.3% gain, while Vectorspace AI and Trollcoin added 73.3% and 72.3% respectively. These price moves led to total liquidations of $393.25 million in the past day.
Large-cap altcoins also saw positive movement. Dogecoin rose 2.68% to $0.220, Stellar increased by 2.22% to $0.0372, and Cardano climbed 1.54% to $1.25. VeChain and Internet Computer gained 3.98% and 13.77%, respectively, highlighting broader interest in utility-based platforms.
Venture Capital Activity Supports Market Growth
Recent funding rounds pointed to sustained venture capital activity in the crypto space. AI Cross Matrix raised $12 million, while Syntekla secured $2.5 million. Pocket Pro’s funding amount has not been disclosed. These rounds reflect growing investor interest in AI-integrated and infrastructure-focused crypto startups.
The Fear & Greed Index reading of 71 suggests that investor confidence is growing, supported by ETF developments and regulatory tailwinds. With the Altcoin Index expanding and liquidity rising, analysts expect continued market activity heading into the week.
At Press time Ethereum (ETH) is currently priced at $3,813.45, showing a 2.56% increase over the past 24 hours. The price has steadily climbed from around $3,701, reflecting bullish momentum.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
