Bitcoin Leads Crypto Rally, Topping $96,563
What’s going on here?
Bitcoin surged to a historic high of $96,563, invigorating the crypto market as digital assets soared, pushing the market’s value past $3.01 trillion.
What does this mean?
Bitcoin’s recent rally has breathed new life into the crypto market with trading volume jumping 13% to $32.92 billion. This positive momentum extends to other major cryptocurrencies like ethereum, which rose 3.7% to $1,852, and other players like xrp, bnb, solana, dogecoin, and cardano, which saw increases between 0.5% and 5.6%. Reflecting this optimism, the CoinDesk Market Index climbed 2.9%. Traditional markets felt the crypto excitement too, with the Nasdaq 100 climbing 1.5% and modest rises in the S&P 500 and Dow Jones, while the US 10-year…
