|

Cryptocurrency market update: Bitcoin rushes forward, altcoins fail to catch up

  • The cryptocurrency market is moving higher due to Bitcoin's growth.
  • All major altcoins are losing ground on Wednesday.

The optimism on the cryptocurrency market is growing, though Bitcoin (BTC) seems to be the only beneficiary as all major altcoins are nursing losses ranging from 1.4% (XRP) to 6% (Cosmos). UNUS SED LEO, a dark horse and a newcomer in top-20 is a notable exception here as the coin managed to gain over 3%  in recent 24 hours.

The total capitalization of all digital assets in circulation has increased to at $353 billion from $335 on Tuesday, while an average daily trading volume is registered at $83 billion. Bitcoin's market share jumped to  64.9% and refreshed multi-month high.

Top-4 coins price overview

Bitcoin has settled marginally below $13,000 handle. The first digital coin retraced from the intraday high of $13,156, though it retains an upside potential and may resume the upside ahead of the US opening. A sustainable move above $13,000 barrier will help to create strong bullish momentum and bring $14,000 back into focus. 

Ethereum, the second largest digital asset with the current market capitalization of $32.9 billion, has lost over 3% on a day-on-day basis but managed to stay above $300 barrier. ETH/USD is range-bound marginally below $310.

Ripple's XRP has lost 1.4% since this time on Tuesday to trade at $0.3946 by the time of writing. The third largest digital asset with the current market capitalization of $16.8 billion has been range-bound recently as the recovery is capped by $0.4000.

Litecoin (LTC/USD) slipped to fifth place in the global cryptocurrency rating. The coin with the current market value of $7.4 is down 2.5% in recent 24 hours is changing hands at $118.65 after a failed attempt to break above $120.00 handle during early Asian hours. 

Author

Tanya Abrosimova

Tanya Abrosimova

Independent Analyst

 

More from Tanya Abrosimova
Share:

Editor's Picks

Injective token surges over 13% following the approval of the mainnet upgrade proposal

Injective price rallies over 13% on Thursday after the network confirmed the approval of its IIP-619 proposal. The green light for the mainnet upgrade has boosted traders’ sentiment, as the upgrade aims to scale Injective’s real-time Ethereum Virtual Machine architecture and enhance its capabilities to support next-generation payments.

Solana Price Forecast: SOL slips below $82 as hawkish Fed tone sparks risk-off sentiment

Solana is trading below $82 at the time of writing on Thursday after failing to break out of the upper consolidation range over the weekend. The Minutes from the Federal Open Market Committee on Wednesday kept interest rates unchanged, but a less dovish tone that followed dampened risk appetite and pressured risky assets.

Warren warns crypto bailout would enrich Trump family biz: Report

Senate Banking Committee ranking member Elizabeth Warren has reportedly sent a letter to Treasury Secretary Scott Bessent and Federal Reserve chair Jerome Powell, urging them not to bail out “cryptocurrency billionaires” with taxpayer dollars. 

Top Crypto Gainers: World Liberty Financial, Sky, and Cosmos confront major resistance

World Liberty Financial, Sky, and Cosmos rank among the top gainers over the last 24 hours but face critical overhead resistance levels. WLFI gained momentum at the World Liberty Forum, an invite-only conference held at Mar-a-Lago by US President Donald Trump’s family, while SKY and ATOM reversed off a crucial support level. 

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: BTC bears aren’t done yet

Bitcoin (BTC) price slips below $67,000 at the time of writing on Friday, remaining under pressure and extending losses of nearly 5% so far this week.