Today, a significant portion of the most important cryptocurrencies has increased.
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According to crypto data aggregator Nomics, the values of the top 20 altcoins such as Ethereum (ETH), Cardano (ADA), Ethereum Classic (ETC) and Internet Computer (ICP) are in the crypto market, with the crypto market growing 5.21% overnight. It rose with its market cap of $52 trillion.
Altcoins usually follow the value of Bitcoin (BTC). When Bitcoin goes up, the rest of the market goes up and vice versa. This year, the cryptocurrency market collapsed with Bitcoin after Bitcoin’s ATH level in April. Bitcoin is up 3.8% in the last 24 hours and is currently trading at $34,742.
However, much more significant gains have been made by altcoins today. Cardano rose 5.7% in the last 24 hours to $1.43 after Grayscale added the asset to the Digital Large Cap Fund.
Ethereum, the second largest cryptocurrency by market capitalization, has increased by 5.6% in the last 24 hours to $ 2,229.
It was quite significant the other day when former White House communications director Anthony Scaramucci announced that his company, Skybridge Capital, would set up a private Ethereum fund to supplement the $25 million Bitcoin fund.
Internet Computer also continued to rise steadily. The asset, which managed to attract the attention of the community, with its level reaching $ 700 after being listed on Coinbase Pro, has been in a continuous decline since then. The asset fell to its lowest level at $28.53 on June 26.
But then it started to rise again. ICP, which has increased by 49.6% in the last week and 9.3% in the last 24 hours, is trading at $ 46.91 at the time of writing.
Ethereum Classic also took its place among the tokens that increased its value among the top 20 cryptocurrencies. The asset, which has increased by 47.1% in the last 7 days, has increased by 6.8% in the last 24 hours. ETC is currently trading at $56.75.