Crypto Market Cap Hits $3.34 Trillion as Ethereum Surges 37% Weekly, Altcoins Rally

Crypto Market Cap Hits $3.34 Trillion as Ethereum Surges 37% Weekly, Altcoins Rally

N
News Editor 01
2026-07-08 16:12:15
Global crypto market cap rose 1.42% to $3.34 trillion. Bitcoin traded at $104,780, Ethereum at $2,522.86, with SOL up 19.42% weekly. PI and CSPR led daily gainers with 49.86% and 47.96% gains respectively.
crypto marketBitcoinEthereumAltcoinsmarket cap

The global cryptocurrency market cap climbed to $3.34 trillion on Sunday, marking a 1.42% increase in the past 24 hours, according to the latest data. Bitcoin (BTC) continues to dominate, trading at $104,780 with a marginal 1% daily gain and a solid 9.77% weekly gain. Ethereum (ETH) posted a more aggressive performance, rising 4.71% on the day and skyrocketing 37.83% over the week to $2,522.86.

Altcoins Join the Rally

Together, BTC and ETH control 71.3% of the total market cap. Among top 10 cryptocurrencies, Solana (SOL) delivered the strongest weekly performance, surging 19.42% to $173.96. XRP and BNB also recorded healthy weekly gains of 8.74% and 10.88%, respectively, though daily fluctuations were minimal. The broader market's 24-hour trading volume rose 4.90% to $137.7 billion, signaling increased investor participation.

Top Movers: PI, CSPR Shine; Ultima Slumps

During the day, Pi Network (PI) surged 49.86%, becoming the biggest percentage gainer among top cryptocurrencies. Casper Network (CSPR) wasn't far behind with a 47.96% spike, while Peanut the Squirrel (PNUT) added 39.10%. On the downside, Ultima (ULTIMA) dropped 14.42%, the steepest decline of the session.

Market Outlook & Key Levels

The current market environment is characterized by heightened volatility and sentiment-driven moves. Blue-chip tokens as well as smaller-cap assets are attracting capital, suggesting a broad-based rally. Market participants may find the current climate favorable for strategic positioning, though discipline and caution remain essential. With Ethereum's weekly gain surpassing 37%, attention could shift toward altcoin rotation. However, Bitcoin's ability to hold above the psychological $100,000 level and macro liquidity trends will likely determine the market's short-term direction.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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