Crypto Market Surges: Bitcoin Leads Uptrend, XRP Soars, Pi Coin Listed
1min read The crypto market has witnessed a robust recovery, with an uptrend across top digital assets. The renewed interest led to the crypto market cap rising by 2.28% to $3.21 trillion. Despite a 22.77% drop in overall trading volume, investor sentiment remains neutral, with the Fear & Greed Index at 40. This follows the central bank's latest FOMC meeting, where the key interest rate was left unchanged between 4.25% to 4.5%.
Bitcoin has soared 2.04% over the past 24 hours, strengthening its market share to 60.04%. While trading volume saw a notable decline of 26.42%, the market momentum remains positive. The flagship cryptocurrency now boasts a market cap of $1.925 trillion, signaling sustained interest from both retail and institutional investors.
Among major altcoins, XRP emerged as the standout performer, surging 7.88% on its daily charts. Ethereum and Solana also posted steady gains, of 1.74% and 3.97%, respectively. However, what has taken the market by storm is the listing of Pi Network’s PI Coin, which has sparked significant buzz in the crypto community.
The biggest gainers of the day include IP, which surged 39.02% to $3.03, TAO, which rose 18.69% to $445.93, and Sonic, which increased 17.02% to $0.7392. On the other hand, the biggest losers were MOVE, which fell 4.39% to $0.4794, CAKE, which dropped 3.38% to $2.47, and BGB, which decreased 3.18% to $4.68.
