Bitcoin and Ethereum lead modest crypto market rally By Investing.com

The cryptocurrency market experienced a modest rally today, with Bitcoin climbing 2.51% to reach $37,358.56, despite a slight weekly decline of 0.38%. Ethereum followed suit, gaining 3.76% and trading at $2,061.58, showing a small weekly increase of 0.31%. Other notable cryptocurrencies also saw gains, with BNB marginally up at $236.04 and XRP advancing to $0.66.

Altcoins like Cardano and Dogecoin also enjoyed growth, with their prices reaching $0.33 and $0.077 respectively. Despite these gains, some cryptocurrencies struggled on a weekly basis. Solana saw a daily uptick to $57.96 but faced an overall weekly loss of 11.25%. Polka Dot appreciated to $5.19 for the day yet experienced a 7.16% decrease over the week.

The market witnessed significant surges in certain tokens, with FTX Token leading the top gainers by soaring over 31%. Blur wasn’t far behind with an approximate 27% increase. Uniswap, Klaytn, and ORDI also made notable jumps with rates around 18%, 15%, and 14% respectively.

Stablecoins such as Tether and USD Coin recorded minor value adjustments. In the decentralized finance (DeFi) sector, Chainlink rose to around $14.49 while Avalanche posted a slight increase to about $21.06.

The global cryptocurrency market cap stood at approximately $1.42 trillion, marking an almost 5% rise from the previous day, signaling a positive sentiment among investors in the digital assets space today.

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