Crypto Market Update: ETH, BNB, and Altcoins Surge While Bitcoin Consolidates
On February 13, 2025, Ethereum (ETH), BNB, and major altcoins saw significant price increases, while Bitcoin consolidated around $96,000. CAKE token surged by 52% amid a new revenue sharing announcement. Other altcoins and memecoins also reported gains, with the global market cap reaching $3.18 trillion.
On February 13, 2025, significant movements were observed in the cryptocurrency market, particularly with Ethereum (ETH), BNB, and various major altcoins experiencing notable price increases. In contrast, Bitcoin remains stable, consolidating around $96,000. Mid-cap cryptocurrencies have gained substantial traction, with increases exceeding 10% over the past 24 hours.
The standout performer for the day is the CAKE token from PanCakeSwap, which has surged by 52% in just 24 hours and more than 100% within the past week. This remarkable price increase coincides with the decentralized exchange’s announcement of a weekly revenue sharing of over $1.9 million in tokens for stakers.
Sonic (formerly Fantom) also demonstrated a strong performance, rising by 14.80%. This was followed by JTO, which increased by 12%, and BNB, which rose by 11%. Furthermore, numerous mid-cap altcoins such as LDO, SUI, ATOM, ENS, and DOT have also shown notable increases.
Memecoins have continued to gain popularity, with TRUMP, POPCAT, BabyDoge, TOSHI, and PENGU all rising by over 8%. The combined market capitalization of memecoins has surpassed $70 billion, reflecting their growing influence in the market.
As reported by Coinmarketcap, the global cryptocurrency market capitalization stands at $3.18 trillion today, accompanied by a 24-hour trading volume of $133 billion. The enthusiasm surrounding various cryptocurrencies indicates a dynamic market environment.
In summary, February 13, 2025, witnessed a significant uptick in the prices of prominent altcoins, exemplified by CAKE’s remarkable gain of 52%. While Bitcoin’s value remains stable, mid-cap crypos and popular memecoins have also experienced increases, reflecting an overall positive trajectory in the cryptocurrency market. With the global market cap reaching $3.18 trillion, investor interest remains robust.
Original Source: www.cryptotimes.io
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