Crypto Markets Edge Higher Amid Institutional Interest and Stablecoin Activity
The cryptocurrency market capitalization rose 0.3% to $3.07 trillion, with Bitcoin and Ethereum maintaining dominance at 57.3% and 11.6% respectively. Trading volumes held steady at $57.79 billion despite lingering fear sentiment.
Bitcoin (BTC) gained 0.29% to $87,976.66 with $16.35 billion in volume, while ethereum (ETH) inched up 0.06% to $2,961. Altcoins showed selective strength—Polkadot (DOT) and XRP Ledger ecosystem tokens outperformed.
Institutional activity focused on crypto-backed loans and governance votes, particularly for assets like METIS, ENA, and DYM. Exchange flows indicate accumulation on Coinbase and Binance for BTC/ETH, while Bybit and Bitget saw altcoin speculation.