The top 100 cryptocurrencies listed on CoinMarketCap (CMC), excluding stablecoins, are paving the green zone as the global crypto market cap gained over $50 billion in just 24 hours. The bull run comes as some of the assets have reached key milestones.
For instance, the largest digital currency, bitcoin (BTC), surpassed the $30,000 mark for the first time since June 2022. According to a crypto.news report, one of the main reasons for the bull run might be the rise of investors’ optimism.
According to CMC data, the top gainer in the past 24 hours is render token (RNDR), with 16.6% gains in the mentioned timeframe. The last gainer on the list is LEO, up by 0.15% in the last 24 hours.
The bull run comes as the global crypto market cap rose from $1.185 trillion to $1.241 trillion in less than 24 hours, according to data provided by CMC. However, the total capitalization witnessed a $5 billion drop in the past 8 hours and stands at $1.236 trillion at the time of writing.
According to CMC data, most digital currencies marked their local highs at around 02:00 UTC, when the global market cap was at its 10-month-high.
Furthermore, Michaël van de Poppe, the founder and CEO of the global trading company, Eight, expects the total crypto market capitalization to reach $2 trillion if it breaks the $1.25 trillion barrier.
It’s not just the top 100 cryptocurrencies on the bull run. The top football fan tokens have also crossed the $370 million mark, with FC Barcelona Fan Token, BAR, leading the way with a market cap of almost $45 million.