The global cryptocurrency market experienced a notable rally on Sunday, lifting its total market capitalization to $3.34 trillion, a 1.42% increase in 24 hours. The uptick was driven by robust gains in Ethereum (ETH) and a broad basket of altcoins, while trading volumes also climbed.
Top 10 Cryptocurrencies: Bitcoin Holds $104K, Ethereum Leads Weekly Gains
Bitcoin (BTC) continued its dominance, trading at $104,780, up roughly 1% over the past day and 9.77% over the week. Ethereum (ETH) outperformed with a daily gain of 4.71% and a staggering weekly surge of 37.83%, reaching $2,522.86. Together, BTC and ETH command 71.3% of the total crypto market.
Among the top ten coins by market cap, Solana (SOL) posted one of the strongest seven-day performances, gaining 19.42% to trade at $173.96. XRP and BNB recorded solid weekly advances of 8.74% and 10.88% respectively, despite minimal intraday fluctuations.
Altcoin Highlights: PI Rockets 49.86%, Ultima Slides
The spotlight turned to smaller-cap tokens. Pi Network (PI) surged 49.86% in 24 hours, the largest gain of the day. Casper (CSPR) followed closely with a 47.96% jump, while Peanut the Squirrel (PNUT) advanced 39.10%. On the downside, Ultima dropped 14.42%, marking the biggest daily decline.
Market-wide 24-hour trading volume rose 4.90% to $137.7 billion, indicating increased investor activity amid the rally.
Market Outlook: Strength Amid Volatility
The broader market continues to show resilience in a period of elevated volatility, with capital flowing into both top-tier tokens and lower-cap assets. While the current environment may favor strategic positioning, analysts caution that sentiment-driven swings require discipline and risk management.