The crypto market showed positive signs as Bitcoin (BTC), Ethereum (ETH), Toncoin (TON), and others surged. Bitcoin reached its highest level this month, ending four weeks of decline.
Bitcoin traded at $26,547.25, with a 0.50% increase and a 7.24% decrease in 24-hour volume. Over the past seven days, Bitcoin rose 2.67% and reached $26,840.50 intraday.
Ethereum rose 0.97% to $1,636.73, with a 10.90% decrease in volume. Over the week, Ethereum increased by 0.16% and reached $1,652 intraday.
Toncoin surged 12.79% to $2.20, with a 115.61% increase in 24-hour volume. In the last seven days, Toncoin gained 22.70% and reached $2.25 intraday.
Cardano increased by 0.56% to $0.2505 but decreased by 1.34% over the week.
Dogecoin declined by 1.76%, while Shiba Inu decreased by 2.42% over the week. In the past 24 hours, Dogecoin rose 0.88% to $0.06226, and Shiba Inu ticked up 0.63% to $0.000007413.
The positive performance suggests investors may have shrugged off concerns over economic data. FTX’s liquidation news caused panic, but the recent market performance indicates optimism.
The global crypto market cap was $1.06 trillion, with a 0.96% increase, and the trading volume declined by 5.40% to $25.28 billion.