The digital asset sphere experienced a vigorous upswing Wednesday, its total valuation swelling over 9% as bitcoin surpassed the $83,000 benchmark during afternoon trading. While the leading cryptocurrency rose 8.4%, select altcoins dramatically outpaced this trajectory.
Market Whiplash: Crypto Market Gains 9% in a Day After a Week of Steep Declines
Dominating the day’s crypto leaderboard, the irreverently named FARTCOIN—a meme token infused with artificial intelligence (AI) protocols—propelled itself 47.45% upward, while XCN followed closely with a 44.69% leap.
Noteworthy performances emerged from POP, another meme-inspired contender, which bounded 36.44% higher, and FLR, which secured a 32.83% lift against dollar-pegged valuations.
The bullish wave rippled through mid-tier assets: TEL notched a 25.40% advance, HYPE elevated 24.38%, AERO ascended 24.32%, and PENDLE concluded the roster with a 23.60% uptick.
Further amplifying Wednesday’s fervor, assets including S, CHEX, RSR, SPX, RENDER, and SUPER etched their positions among standout performers. BDX, however, emerged as the session’s most pronounced decliner, inching downward by mere 0.96% across 24 hours.
After a week fraught with turbulence, the day’s volumes coalesced around USDT, BTC, and ETH. Trailing closely were USDC, XRP, SOL, FDUSD, DAI, DOGE, BNB, and SUI. Trade activity swelled by 62.44% versus the prior session, eclipsing $178 billion in daily turnover.
Although altcoins rose past bitcoin’s daily performance, BTC retains its hegemony with a 62.5% stranglehold on the $2.63 trillion digital asset sphere, while ETH commands a 7.6% stake. Despite their spirited rallies, the altcoin cohort’s aggregate valuation hovers below the $1 trillion threshold.
Source: Bitcoin
