The cryptocurrency market is experiencing a bullish day, with the overall market cap surpassing the 1.71 trillion dollar mark. This represents a significant 3.38% increase in the last 24 hours, fueled by a surge in trading volume of 23.55%, a staggering $54.79 billion surge in amount. Despite this growth, Bitcoin maintains its dominance over the market, holding onto a market share of 51.3% whereas ETH captures 17.1%. 

However, the surge in the overall cryptocurrency market is not solely attributed to Bitcoin. Other prominent cryptocurrencies, including BNB, Solana (SOL), Ripple (XRP), Cardano (ADA), Avalanche (AVAX), and several others, have significantly contributed. Here are the major contributors that drove the overall cryptocurrency market capitalization to surge by 3.38% over the past 24 hours:

Bitcoin BTC

Bitcoin, the pioneer of cryptocurrencies, currently boasts a trading price of $44,576.90. Over the last 24 hours, it has experienced a market cap surge of 4.09%, emphasizing its ongoing significance in the crypto market. Additionally, Bitcoin’s trading volume has witnessed a substantial increase of 36.38%, reflecting heightened investor activity.

Ethereum ETH

Ethereum, another major player in the crypto space, is currently trading at $2,430.93. In the past 24 hours, Ethereum has seen a notable surge in market cap by 3.03%, indicating its resilience and growing market presence. The trading volume for Ethereum has also increased by 1.77%, highlighting sustained interest from the trading community.

BNB

BNB, the native cryptocurrency of the Binance platform, is priced at $311.48. Over the last 24 hours, BNB has experienced a substantial market cap surge of 3.44%, showcasing its robust performance. Additionally, its trading volume has surged by 1.28%, underlining the continued interest in this cryptocurrency.

Solana (SOL)

Solana (SOL), with a current trading price of $101.78, has witnessed an impressive 6.02% surge in market cap over the past 24 hours. The trading volume for Solana has surged by a remarkable 16.82%, indicating a surge in investor interest and confidence in this particular cryptocurrency.

Ripple (XRP)

Ripple (XRP), priced at $0.5137, has seen a market cap surge of 1.92% in the last 24 hours. Furthermore, its trading volume has experienced a significant increase of 16.07%, signaling active trading and potential market developments.

Cardano (ADA)

Cardano (ADA) is currently trading at $0.5111. Over the past 24 hours, Cardano has demonstrated a strong market performance with a 3.69% surge in market cap. The trading volume for Cardano has surged by a noteworthy 87.96%, showcasing heightened interest and activity.

Avalanche (AVAX)

Avalanche (AVAX) has a current trading price of $35.50. In the last 24 hours, it has experienced a market cap surge of 4.39%. However, its trading volume has seen a decrease of -9.84%, indicating a potential shift in investor sentiment.

Polkadot (DOT)

Polkadot (DOT) is currently priced at $6.96. Over the last 24 hours, Polkadot has seen a market cap surge of 3.27%, highlighting its consistent performance. The trading volume for Polkadot has also surged by 26.18%, indicating growing interest and activity.

Polygon (MATIC)

Polygon (MATIC) is currently trading at $0.8383. Over the past 24 hours, it has experienced a significant market cap surge of 5.50%. The trading volume for Polygon has also surged by 10.93%, indicating sustained interest and positive market sentiment.

Chainlink (LINK)

Chainlink (LINK) is priced at $18.80. In the last 24 hours, Chainlink has seen a market cap surge of 3.17%. However, its trading volume has experienced a decrease of -13.79%, suggesting potential shifts in market dynamics.

Also See: Doginphire (FIRE) Cryptocurrency Sparks Interest with a 374.16% Surge in 24 Hours