The global cryptocurrency market cap rose 1.64% over the past 24 hours to hit US$2.98 trillion

Bitcoin extended its dominance in the market, accounting for 64.3% of the total cap. The world's largest cryptocurrency climbed 2.19% to trade at US$96,459.23

The global cryptocurrency market cap rose 1.64% over the past 24 hours to hit US$2.98 trillion, driven largely by gains in Bitcoin (BTC) and Ethereum (ETH), as broader investor sentiment remains neutral according to the latest fear and greed index reading of 53.

Bitcoin extended its dominance in the market, accounting for 64.3% of the total cap. The world’s largest cryptocurrency climbed 2.19% to trade at US$96,459.23, supported by strong trading volumes above US$30 billion.

With BTC gaining nearly 2% weekly, market watchers are increasingly focused on speculative targets, particularly following comments by Binance founder Changpeng Zhao, who suggested Bitcoin could reach between US$500,000 and US$1 million this cycle.

Bitcoin price chart: snapshot

Ethereum, which makes up 7.4% of the market, rose 1.15% in the last 24 hours to trade at US$1,824.04. The coin remains modestly bullish, gaining 1.22% over the week on the back of improving network activity and broader support for decentralised applications.

Ethereum price chart: snapshot

Among top altcoins, Solana (SOL) was up 0.90% to US$145.67, while BNB added 0.58% to US$602.30. Meanwhile, XRP surged 1.44% to US$2.14, maintaining a strong weekly gain of 4.46%, making it one of the standout performers among the majors.

Standout gainers in the lower market cap bracket included LAYER and ALPACA, which posted 24-hour gains of 31.34% and 34.97% respectively, indicating continued retail interest in mid-tier and meme-related tokens. On decentralised exchanges tracked by DexScan, GORK/SOL and Fartcoin/SOL saw notable price action, with GORK rising up to 27.04% intraday.

Daily market volume surged 27.35% to US$81.48 billion, as trading activity rebounded across major platforms following recent macroeconomic updates. Despite ongoing uncertainty in traditional markets, crypto assets continue to see inflows, particularly from retail and institutional investors seeking alternatives.

Bitcoin’s climb to nearly US$100,000 has renewed bullish sentiment, though analysts caution that the path to further gains will likely face volatility. Altcoin season remains subdued, with an index reading of 24/100, suggesting that market momentum remains largely concentrated in top-tier tokens.

The next 48 hours will be critical for short-term trend confirmation, especially if Bitcoin breaches key psychological resistance levels.

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