The cryptocurrency market is experiencing a strong relief rally today, with approximately $120 billion added to the total market capitalization in the last 24 hours amid widespread gains across major assets.
According to live data from sources like CoinMarketCap, CoinGecko, and others, the global crypto market cap has surged to around $2.4–2.47 trillion, reflecting a healthy 2–3.5%+ increase over the past day (figures vary slightly by aggregator but align with significant upward momentum). This bounce comes after recent volatility, with a cooler-than-expected U.S. inflation report (CPI at 2.4%) fueling optimism for potential Federal Reserve rate adjustments and boosting risk appetite in digital assets.
Bitcoin (BTC) leads the charge, climbing roughly +3–4% to hover near $69,000–$70,000, reclaiming key levels after earlier dips. Ethereum (ETH) has outperformed with gains around +5–6%, trading above $2,070. Other notable performers include:
$XRP: +6–7.5%
Solana ($SOL): +6–8%
$BNB: +5%
Dogecoin ($DOGE): +6–7%
TRON ($TRX) and others showing solid green across the board.
This broad-based green heatmap signals renewed buyer conviction, with trading volumes elevated and many altcoins participating in the upside. Analysts view this as a classic relief rally following recent pressure, potentially setting the stage for further recovery if macro conditions remain supportive.
Illustration Bullish Trend Cryptocurrency Market Stock Vector (Royalty Free)
The sentiment? Bulls are back in control—for now. Stay tuned as this momentum could carry into the weekend! 🚀