An increase has been observed in major assets in the cryptocurrency market, APA-Economics reports.
On the CoinMarketCap platform, the total market capitalization rose by 0.46% over the past 24 hours to 2.58 trillion dollars.
Over the last 24 hours, the price of Bitcoin increased by 0.39% to 77,222 dollars, Ethereum rose by 1.59% to 2,325 dollars, and BNB gained 0.28% to reach 627 dollars.
During the same period, Bitcoin Cash rose by 1.32% to 454 dollars, Monero increased by 1.08% to 380.5 dollars, and Zcash surged by 4.88% to 338.5 dollars. Bittensor was among the top gainers of the day, rising by 6.13%.
Meanwhile, gold-backed tokens declined. Tether Gold fell by 1.16%, while PAX Gold decreased by 1.17%.
According to analysts, the observed market dynamics are mainly driven by increased buying activity in altcoins and a partial recovery in investor risk appetite.