The cryptocurrency market witnessed varied movements this week, with Bitcoin leading the charge. Bitcoin (BTC-USD), the flagship cryptocurrency, soared past the $64,000 mark, signaling renewed momentum in digital asset trading. Despite a slight dip in overall market activity, Bitcoin saw a 1% increase, reaching $64,066, supported by a 24-hour trading volume of $27.5 billion, as reported by CoinMarketCap.
The CoinDesk Market Index, which monitors 134 digital assets, dipped slightly by 0.6% over the past 24 hours. However, traditional markets such as the Nasdaq 100 and the S&P 500 showed modest gains of 0.5% and 0.2%, respectively.
Ethereum (ETH-USD), the second-largest digital asset, experienced a 1.3% decline, settling at $2,645. Meanwhile, BNB (BNB-USD), ranked third in market capitalization (excluding stablecoins), slipped by 1%. On the other hand, Solana (SOL-USD) outperformed with a 2.6% gain, while Cardano (ADA-USD) saw an impressive 6.3% rally, followed by a 2.2% increase in Dogecoin (DOGE-USD).
Despite these mixed performances, the overall cryptocurrency market capitalization grew by 0.4%, reaching $2.24 trillion. Trading volume, however, dropped by 15%, closing at $70.1 billion.
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