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Crypto Market Sees Green Wave as Tokens Surge

A wave of green is splashing over the crypto market as most tokens notch up green candles to kick off the week.

Bitcoin trades for $71,740, clocking a 3.3% gain in the past 24 hours. The most valuable cryptocurrency hasn’t seen this price level since late March when traders took profit after BTC topped its previous all-time high.

Ether has spiked 7% today and is now changing hands for $3,632. With a $436 billion market cap, the second largest crypto has not been able to break its previous all-time high yet, which stands at $4,878.

The crypto industry’s global market cap has surged 3.6% to $2.8 trillion.

The biggest winners for today include NEO, which surged 33% to $20.55; and famed memecoin DogWifHat, which spiked 13% to $4.13, corresponding to an eye-watering $4.1 billion market cap.

There are few losers today, and those that are down are nursing minor losses. Fresh off its airdrop, which took its market cap to $2.5 billion, Wormhole has lost 3.5%, trading for $0.98, with a market cap of $1.7 billion.

According to Bitcoin analyst Dylan Leclair, supply distribution in the Bitcoin ecosystem has begun, with sales by old holders being met by new money.

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