Today, the cryptocurrency market experienced an impressive surge, seeing a 7.2% increase that pushed the market cap to $2.3 trillion on February 29, 2024. This surge has seen Bitcoin and other altcoins reach new highs. Bitcoin price surpassed the $60,000 mark for the first time in over two years, with Ethereum price is rallying having achieved a new milestone by crossing the $3,000 mark. This significant movement has left both the crypto market and enthusiasts amazed, as they ponder over the reasons behind today’s soaring market.
Crypto Market Performance Overview
As of today, the global crypto market cap stands at $2.3 trillion, according to CoinMarketCap data, reflecting a substantial increase of 7.2% within the last 24 hours. The total crypto market volume has witnessed an impressive surge of 106.50%, reaching 195.83 billion. Within this market landscape, DeFi (Decentralized Finance) contributes $14.37 billion, constituting 7.34% of the total volume, while stablecoins dominate wi
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