Bitcoin experienced a 6.8% increase on Wednesday, reaching a peak of $64,000. This upturn also propelled several other digital assets upwards, notably arweave (AR) with a 50.3% increase and aptos (APT) with a 23.5% appreciation against the U.S. dollar.
AR, APT, FET, DOGE, PEPE, and ORDI Post Impressive Gains Amidst Crypto Upswing
As of 2 p.m. ET on Feb. 28, 2024, the valuation of the crypto market stands at $2.22 trillion. Bitcoin has ascended by 6.8% while ethereum (ETH) has seen a 2.3% rise. Within this $2.22 trillion market, bitcoin’s share is 53.6% and ethereum’s is 17.8%. These leading cryptocurrencies enjoyed solid growth, alongside a notable rise in several other digital coins during the same 24-hour window.
Today, arweave (AR) saw an increase of 50.3%, with a total weekly gain of 82.8%. Aptos (APT) also rose by 23.5%, with its weekly progress marking a 34.5% enhancement. Around five digital currencies recorded double-digit growth on Wednesday, with FET, DOGE, PEPE, ORDI, and WLD standing out as significant movers.
In terms of volume, solana (SOL), dogecoin (DOGE), pepe (PEPE), and XRP led the pack for the day. Although the market generally trended upwards, dymension (DYM) decreased by 10.8%, beam (BEAM) fell by 8%, and apecoin (APE) dropped by 7.2%. Over the past month, worldcoin (WLD) emerged as the top performer with a 247.6% increase, while pepe (PEPE) secured the second spot with a 181.1% rise.
As the crypto market’s vibrancy on Feb. 28, 2024, demonstrates, digital assets continue to exhibit significant volatility and potential for substantial gains. With bitcoin and others leading the charge, the ripple effect on altcoins underscores the interconnected nature of the crypto ecosystem. As traders navigate this dynamic landscape, the day’s movements highlight the ongoing evolution and the diverse opportunities within the digital currency space, setting a precedent for future market behaviors.
Source: Bitcoin
