The global cryptocurrency market capitalization reached $3.69 trillion on Thursday, recording a 1.10% increase over the past 24 hours as digital assets extended their recent gains. The upward movement was led by Bitcoin approaching the $111,500 level while several altcoins posted substantial gains.
Bitcoin Shows Strength
Bitcoin (BTC) demonstrated steady performance, trading between $108,686 and $111,522 throughout the session. As of 09:30 AM UTC, BTC was trading at $111,435, representing a 1.85% increase that outpaced the broader market’s growth.
Major Cryptocurrencies Mixed But Mostly Positive
Most large-cap digital assets recorded gains during the period, with Ethereum (ETH) rising 2.06% to $3,968 and BNB climbing 2.44% to $1,132.97. Other notable performers included Solana (SOL) at $192.98 (+2.32%) and XRP at $2.4607 (+2.07%).
The session’s standout underperformer was TRX, which declined 3.19% to $0.3124 amid profit-taking after recent gains.
Altcoin Outperformers Lead Gains
Several smaller cryptocurrencies posted dramatic gains, with BEL leading Binance gainers at 26% followed by PROVE (+22%) and APE (+18%). WLFI also recorded an impressive 11.57% surge, significantly outpacing the broader market.
Market Sentiment and Outlook
The overall positive sentiment reflects continuing institutional interest and stable trading conditions across major digital assets. Bitcoin’s ability to maintain levels above $110,000 has provided support for the broader market, while selective altcoin movements indicate ongoing capital rotation within the sector.
Traders are monitoring whether Bitcoin can consolidate above $111,000 and build momentum for a test of higher resistance levels, which could determine the near-term direction for the entire cryptocurrency complex.