Crypto Market Overview: Altcoins Surge as Bitcoin Nears $100,000
On February 11, 2025, cryptocurrencies experienced a notable upswing as Bitcoin demonstrated signs of recovery, trading at $98,400. Major altcoins spiked by 10% or more, with Helium leading the charge at nearly 20%. The total market cap reached $3.24 trillion, although trading volume saw a decrease, reflecting cautious investor sentiment.
As of February 11, 2025, the cryptocurrency market has witnessed a significant surge, with major altcoins rising by double digits due to a recovery in Bitcoin prices. Bitcoin is currently priced at $98,400 after reaching an intraday low of $96,900. Its efforts to reclaim the crucial $100,000 mark are positively impacting the broader crypto market, which is rebounding following the market fluctuations triggered by recent economic announcements.
Leading altcoins such as HNT, RAY, ADA, SUI, CRV, and LTC have also experienced substantial gains, each registering over 10% increase in market value. Notably, Helium (HNT) has emerged as the top performer, skyrocketing approximately 20% in the last 24 hours. Litecoin (LTC) continues to demonstrate robust performance, appreciating over 13% in the past day and 30% over the last month.
The notable cryptocurrencies trending today include LTC (Litecoin), ADA (Cardano), SWELL (Swell Network), XNO (Nano), and PENDLE (Pendle). The highest daily gainers are Helium (HNT) with +20%, Virtuals Protocol (VIRTUALS) at +19%, Raydium (RAY) rising by +17%, Kaspa (KAS) increasing by +16%, and Sonic (S) at +14%.
Currently, the total capitalization of the cryptocurrency market stands at $3.24 trillion, reflecting a 2.17% rise within the previous 24 hours. However, a decline of 4.3% in trading volume over four hours to $98.3 billion indicates a reduction in investor confidence as Bitcoin approaches the $100,000 mark.
Additionally, it is noteworthy that MicroStrategy has acquired 7,633 BTC, bringing its total holdings to 478,740.
In summary, the cryptocurrency market has shown resilience with altcoins registering significant gains alongside a recovering Bitcoin price. As Bitcoin nears the $100,000 mark, there is a noticeable effect on the broader market, with various altcoins witnessing increased trading activity. Despite recent fluctuations, the overall market capitalization reflects positive sentiment, though declining trading volume suggests a cautious approach from investors.
Original Source: www.cryptotimes.io
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