Altcoins Outpace Majors in Daily Market Moves

The global cryptocurrency market surged 2.79% over the past 24 hours, climbing to a total valuation of $3.01 trillion, driven by standout performances from altcoins and steady gains from bitcoin and ethereum.

Crypto Market Hits $3.01 Trillion, Up 2.79% in 24 Hours

Bitcoin (BTC), which maintains a dominant 64.4% share of the crypto market today, rose 3.25% coasting along at $97,302 apiece, reflecting continued institutional confidence. Ethereum ( ETH), with 7.4% market dominance, gained 3.20% to trade at $1,827 on Wednesday, showing resilience despite minor hourly pullbacks.

STX/ USDT via Binance on May 7.

Among altcoins, stacks (STX) and EOS led the charge with respective 24-hour gains of 15.4% and 13.6%. STX, now priced at $0.8794, secured the third spot on the day’s top gainers list, while EOS followed closely at $0.778. Other notable risers included convex finance (CVX) up 13.13%, brett (BRETT) up 11.24%, and popcat (POPCAT), which jumped 10.8%.

KAITO/ USDT via Binance on May 7.

The day’s top gainer was kaito (KAITO), rocketing 48.06% to $1.262475, bolstered by renewed interest. Meme and micro-cap tokens also posted significant returns, with mog coin (MOG) up 17.12% and Bitcoin’s dog token (DOG) climbing 10.5% against the U.S. dollar.

However, not all tokens shared in the bullish sentiment. Movement (MOVE) fell sharply by 10.29% to $0.1613, leading the day’s losers. Fartcoin (FARTCOIN) and virtual protocol (VIRTUAL) also tumbled, down 10.25% and 8% respectively. Additional losses came from fellaz (FLZ), safe token (SAFE), and beldex (BDX).

Despite some red, today’s overall trend remains decisively positive with broader momentum favoring altcoins over major caps.

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