Cardano, Dogecoin Lead Price Gains Among Major Cryptocurrencies as Bitcoin Nears $38K
The CoinDesk Market Index has added almost 4% in the past 24 hours
The latest crypto market spurt added 4.6% to overall capitalization in the past 24 hours, taking the total to $1.44 trillion, levels not seen since May 2022. Bitcoin (BTC) and several altcoins returned to the highs they tested a week ago, reversing nearly all losses from a $300 million liquidation event on Tuesday. Cardano’s ADA and dogecoin (DOGE) led gains among the top 10 tokens by market capitalization, surging as much as 12% without any immediate catalysts. Liquidations on the futures tracking these majors were lower than usual, suggesting the price action was primarily driven by spot buying. The CoinDesk Market Index, a market capitalization-weighted measure of the digital asset market, rose 3.8%.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Cardano, Dogecoin Lead Price Gains Among Major Cryptocurrencies as Bitcoin Nears $38K
The CoinDesk Market Index has added almost 4% in the past 24 hours
The latest crypto market spurt added 4.6% to overall capitalization in the past 24 hours, taking the total to $1.44 trillion, levels not seen since May 2022. Bitcoin (BTC) and several altcoins returned to the highs they tested a week ago, reversing nearly all losses from a $300 million liquidation event on Tuesday.
Cardano’s ADA and dogecoin (DOGE) led gains among the top 10 tokens by market capitalization, surging as much as 12% without any immediate catalysts. Liquidations on the futures tracking these majors were lower than usual, suggesting the price action was primarily driven by spot buying. The CoinDesk Market Index, a market capitalization-weighted measure of the digital asset market, rose 3.8%.