The cryptocurrency market saw a robust rally in early trade on Wednesday, buoyed by improved sentiment across global markets. Altcoins led the charge, with several tokens posting double-digit gains over the past 24 hours.
At 8:14 AM IST, Bitcoin (BTC) was trading at $93,076, up 2.61%, while Ethereum (ETH) surged 7.67% to $1,793.69. Other major cryptocurrencies also showed strong momentum. Solana (SOL) gained 5.12%, XRP rose 5.15%, and Dogecoin (DOGE) climbed 4.90%.
The biggest standout was TURBO, which skyrocketed by 100.26% in 24 hours to $0.005335, making it the top gainer on the day. Other top-performing altcoins included:
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ACT up 42.38%
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AIXBT up 33.48%
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1000CAT up 28.52%
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SUI up 24.56% to $3.00
However, not all coins joined the rally. Among the top losers:
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FIS plunged 15.79% to $0.1845
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MAGIC fell 9.33%
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PAXG, which is pegged to gold prices, declined 4.12% to $3,308.00, tracking a pullback in global gold rates.
Analysts attribute the positive momentum to renewed risk appetite among investors following dovish commentary on interest rates in the US and easing geopolitical concerns. The trend is also supported by gains in equity markets and tech stocks globally, with HCLTech’s upbeat quarterly results contributing to tech optimism.
Disclaimer: The above information is for news reporting purposes only and should not be considered as financial advice. Investors are advised to do their own research or consult a certified advisor before making any investment decisions.
