crypto.news
The ongoing Bitcoin-led recovery is rippling through the broader crypto market, with improved investor sentiment driving gains across the altcoin and memecoin sectors.
Bitcoin ($BTC) has been on an upward trend over the past 24 hours, posting an approximate 4% gain that saw the crypto giant reclaim the $105,000 mark.
As is typical in Bitcoin-led market cycles, altcoins have followed suit, capitalizing on the momentum. Ethereum (ETH), the second-largest crypto asset, outperformed Bitcoin with an 8% gain, roughly double $BTC’s, now trading at $2,411 at press time.
Among the standout performers, Sei (SEI) led the market with a massive 43% gain in the past 24 hours, emerging as one of the day’s largest gainers by a wide margin. Other tokens like $SUI ($SUI) and Chainlink (LINK) also stood out, posting gains of up to 15% and 10% respectively in the last 24 hours.
Solana (SOL) and Avalanche (AVAX) followed suit, joining the rally with similar gains of 7.8% and 7.6% to sit at respective trading prices of $144 and $18 at press time.
$XRP ($XRP) and Cardano (ADA) were not left behind, each posting slightly higher gains above 8% and trading at $2.18 and $0.583.
Meanwhile, memecoins stole the spotlight with even bigger moves. Dogwifhat (WIF) jumped 25% as the strongest gainer among the coins, Popcat (POPCAT) climbed 15%, and Pepe (PEPE) rose 14%. Others including Floki (FLOKI) and Bonk (BONK) also notched double-digit gains of around 13%, placing them among the day’s top gainers.
OG memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) joined the rally as well, logging more modest but steady gains in the 8% to 10% range.