Crypto Market Cap Jumps to $3.56T With Bitcoin Hitting $104K

The crypto sector is experiencing a bullish trend amid several positive developments. As per the data from Top 7 ICO, the cumulative market capitalization of the crypto market has touched $3.56T while Bitcoin ($BTC) price has jumped to the $104K mark. This underscores an increasing investor interest in the crypto realm.

In addition to this, the Fear Greed Index is also neutral, standing at 54. The overall optimistic market overview potentially suggests a gradual movement toward a likely upcoming bull run.

Bitcoin ($BTC) Reaches $104,944, Raising Dominance to 58.5%

The data from the crypto analytics company Top 7 ICO, the crypto sector is witnessing an upward trajectory. Particularly, Bitcoin’s price has spiked to $104,944, denoting a 2.4% surge during the past twenty-four hours. Additionally, the overall $BTC dominance has reportedly increased by 58.5%, indicating a 1.8% jump. Simultaneously, the top crypto token’s market capitalization is $2.07T. On the other hand, Ethereum’s dominance has seen a slight downside. In this respect, the $ETH dominance stands at 10.8%, accounting for a 1.6% dip.

Ethereum ($ETH) and Solana ($SOL) See 1.12% and 1.74% Price Surge over 24 Hours

Along with that, the well-known crypto assets have also seen gains over the recent twenty-four hours. Particularly, the price of Ethereum ($ETH) is $3.182, showing a 1.12% rise over the twenty-four hours. Additionally, the market capitalization of Ethereum ($ETH) is $383B. Ripple ($XRP) has emerged as another gainer with a 24-hour increase of 0.07%. While its price is $3.1, $XRP’s market cap accounts for $178B. Moreover, Tether ($USDT) and Solana ($SOL) have also recorded 0.05% and 1.74% gains as their prices touch $1 and $237 respectively.

24-Hour Spot Volume Records Staggering $130B after a 15.3% Rise

According to Top 7 ICO’s data, the ratio between the Bitcoin ($BTC) season and altcoin season has reached 44/100 over the past week. Furthermore, Dar Network, Solana ($SOL), and Worldcoin ($WLD) are also launching significant events to increase adoption. These events include the Dalarnia Legends Beta project, linear unlock of up to $15.8M, and linear unlock of almost $9.41M respectively.

Apart from the crypto landscape’s spike to $3.56T in market cap, the spot volume has touched $130B over the last twenty-four hours. This shows an enormous 15.3% rise. Keeping this in view, all the respective developments are paving the way for a potentially massive bull market in the near term.