Bitcoin and Ethereum lead crypto market gains as overall cap hits $1.77 trillion

NEW YORK – The cryptocurrency market has experienced a notable upswing, with and leading the charge. Bitcoin’s price has climbed to $46,313, reflecting a daily increase of 0.71% and a weekly gain of 7.17%. Similarly, Ethereum has seen its value rise to $2,606, marking a daily increase of 0.67% and a significant weekly rise of 16.29%.

Other major cryptocurrencies have also seen positive movements. BNB, , , and all posted gains, contributing to the market’s bullish sentiment. , while making more modest weekly progress, increased by 0.22%. Additionally, and recorded weekly increases of 6.27% and 4.33%, respectively. Polygon stood out with a substantial 10.15% rise today.

The overall crypto market capitalization has reached a new milestone at $1.77T, which is a 3.7% increase from the previous figures. This surge in market cap is supported by a total market volume of $112.21B over the last 24 hours.

Despite the general uptrend, there were some cryptocurrencies that did not share in the gains. Bonk, Lido DAO, Bitget Token, Stacks, and UNUS SED LEO were among the day’s biggest losers, each experiencing a downtrend in their respective prices.

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