Bitcoin crossed $108,800 in Monday trading while cardano ( ADA) posted the largest gain among the top non-stablecoin digital assets.
Crypto Market Rebounds, Bitcoin Holds Strong Above $108K
Bitcoin rose 2.85% over the past 24 hours, trading at $108,565 per coin with a daily volume of $47.2 billion. Ethereum ( ETH) followed with a 3.94% gain to $2,652 a unit, supported by $21 billion in volume.
Ripple’s XRP advanced 6.96% to $2.31, recording a volume of $3.77 billion on Monday afternoon. Binance coin ( BNB) added 1.59% to reach $657 with a modest $1.55 billion in volume. Solana ( SOL) climbed 3.49%, changing hands at $158 and generating $4.43 billion in 24-hour trading volume.
Roughly $237.15 million in crypto derivatives vanished into thin air on Monday. According to data from Coinglass, the bulk of the damage hit short sellers. In total, 76,775 traders were liquidated, including $62 million worth of bitcoin short positions that got completely wiped out.
Cardano ( ADA) emerged as the day’s top gainer out of the leading ten crypto assets by market cap, jumping 3.98% to $0.6557, with close to $591 million traded in the same period. Dogecoin ( DOGE) gained 3.09% to $0.1804, while tron (TRX) increased 2.37% to $0.2794.
Tether ( USDT) dominated volume with more than $74.6 billion traded. Among the top ten, all assets posted significant daily gains, suggesting bullish momentum across major cryptocurrencies will continue despite minor weekly fluctuations.
As capital rotated across the digital asset sector, top tokens maintained upward pressure, buoyed by significant liquidity, particularly in bitcoin and ethereum markets.
Source: Bitcoin
