Bitcoin surges 5.95% to $117,746 as Sei jumps 30.55%

Bitcoin's price surged to $117,746, marking a 5.95% increase over the past 24 hours. This significant rise was accompanied by notable gains in several other cryptocurrencies. Sei, Ethena, and Story led the pack as the top gainers on CoinMarketCap, showcasing substantial price increases. Conversely, LEO and Pi lagged behind, experiencing losses and failing to keep pace with the broader market's upward momentum. The performance of these cryptocurrencies highlights the dynamic nature of the market, where gains and losses can be dramatic and unpredictable. The surge in Bitcoin's price, coupled with the varied performance of other cryptocurrencies, underscores the volatility and potential for both significant gains and losses in the crypto market. Investors and traders are advised to stay vigilant and informed, as the market continues to evolve rapidly.

Sei (SEI) has topped today’s charts. Its price jumped 30.55% to $0.343, lifting its market cap to $1.91 billion. Besides, the trading volume hit nearly $796 million, confirming strong buying pressure. In second place, Ethena (ENA) has moved up by 24.11% to reach a trading price of $0.358. With a market cap now at $2.27 billion and trading volume exceeding $1.18 billion. Story (STORY) also joined the rally being the third largest gainer today. The token spiked 24.04% to $3.94, backed by a $1.13 billion market cap. Its daily trading volume exceeded $95 million, indicating fresh interest.

While some tokens were bullish, not all were lucky. UNUS SED LEO (LEO) dipped by 0.12%, settling at $8.96, even with a market cap of $8.27 billion. Its trading volume sits at roughly $50 million. Before spiking, Pi (PI) saw a slight push back of 1.03% from the daily top, bringing its price to $0.48. Its market cap of $3.76 billion is holding steady, but seems to be lacking any real momentum. Meanwhile, DeFi volume hit $76.26 billion, accounting for 30.58% of the total activity, with stablecoins making up a whopping 96.56% of that volume.

The total crypto market cap has reached $3.67 trillion, picking up by 5.88%. The crypto market witnessed high trading activity reaching $249.35 billion, up 69.11% from yesterday. The performance of these cryptocurrencies highlights the dynamic nature of the market, where gains and losses can be dramatic and unpredictable. The surge in Bitcoin's price, coupled with the varied performance of other cryptocurrencies, underscores the volatility and potential for both significant gains and losses in the crypto market. Investors and traders are advised to stay vigilant and informed, as the market continues to evolve rapidly.