Global Crypto Market Cap Rises as Investors Rotate Capital to Altcoins

The total cryptocurrency market capitalisation increased by 0.96% to reach $2.30 trillion, primarily driven by price appreciation in Bitcoin, Ethereum, and other altcoins.

The key driver of the latest crypto market surge is demand for altcoins, though Bitcoin also saw a moderate positive price movement that pushed the market value of all digital assets upward.

 Bitcoin (BTC) rose 0.87% to trade at $64,800, while Ethereum (ETH) gained 2.13% to hit $1,910, and Binance Coin rose 1.23% to $573.  Most sectors posted gains between 0% and 3%, with the Meme sector leading at a 5% increase, while the “Others” sector remained flat.

A deeper dive showed the market’s gain…