Most of the top 100 cryptocurrencies made some gains over the past day, however Pi Network (PI) is once again among the losers.
The cryptocurrency market has seen a renewed rally over the past 24 hours, with several leading digital assets flashing green.
Bitcoin (BTC) surged above $76,000, while popular altcoins like Stellar (XLM), Toncoin (TON) and others were ranked as daily top performers.
BTC is heading north again
The leading cryptocurrency has witnessed extreme volatility over the past few days, mainly driven by geopolitical tensions and uncertainty in the Middle East. At the end of the last business week, its price rose to nearly 78 thousand dollars after US President Donald Trump. Announce That the Strait of Hormuz was open, later Argue Iran agreed to stop its nuclear program.
However, the Asian country denied the allegations, which, coupled with renewed attacks in the region, sent Bitcoin falling below $74,000 on Monday (April 20).
However, over the past 24 hours, the asset has started pumping again and is currently trading at around $76,400 (according to CoinGecko data). This represents a daily increase of 2% and a significant rise of 11% over two weeks.
It is important to note that its resurgence occurred shortly after the strategy Announce Latest big cryptocurrency purchase. The company, founded by Michael Saylor, acquired 34,164 BTC for over $2.5 billion and now owns a total of 815,061 BTC.
After the recent revival of the coin, its market capitalization has risen to over $1.5 trillion, while its dominance over altcoins stands at around 57.4%.
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XLM leads Altcoin recovery
Altcoins have followed BTC’s lead, with many posting even more impressive gains over the past 24 hours. The best performer is Stellar (XLM), whose valuation jumped 7% to a monthly peak of $0.18.
Toncoin (TOM), Mantle (MNT), and MemeCore (M) also posted strong increases of around 5-6%, while well-known altcoins like Ethereum (ETH), Ripple (XRP), and Solana (SOL) were up just 1-2% on the day. Rain (RAIN), DeXe (DEXE), and Pi Network (PI) are on the other side, with losses of around 2-5%.
The total market cap of cryptocurrencies rose 2% in the last day to about $2.6 trillion.
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