Crypto Market Recovers Amid Global Tensions; Dogecoin Only Weekly Gainer

Amid escalating geo-political tensions between Iran and the United States, the global crypto market cap rose 1.14% in the last 24 hours. While top assets remain green today, Dogecoin stands out as the sole performer maintaining growth on a weekly basis.
Crypto Market Recovers Amid Global Tensions; Dogecoin Only Weekly Gainer

Crypto Price Today: The global cryptocurrency market witnessed a marginal recovery today as major digital assets traded in the green, despite persistent global uncertainty fueled by ongoing geo-political tensions between Iran and the United States. While the overall market sentiment remains cautious, the global market capitalization has climbed by 1.14%, reaching approximately $2.57 trillion (₹243.83 lakh crore).

Bitcoin, the world’s largest cryptocurrency, showed signs of resilience in the short term. Over the last 24 hours, Bitcoin rose by 1.80% to trade at $77,387.99, equivalent to approximately ₹73.42 lakh. Despite this daily uptick, the premier digital asset remains slightly down by 0.30% on a weekly scale. Currently, Bitcoin maintains a dominant 60.17% share of the total market.

A closer look at the weekly performance reveals a stark contrast among top-tier assets. Out of the top 10 cryptocurrencies by market capitalization, Dogecoin is the only asset to record positive growth over the past seven days. The meme-coin surged by nearly 11%, specifically 10.84%, significantly outperforming its peers. In contrast, major players like Ethereum, XRP, BNB, and Solana have all faced weekly declines exceeding 1%.

Ethereum saw a 24-hour gain of 1.17% to reach $2,284.91, yet it remains down 1.24% for the week. Similarly, Solana gained 1.25% today but is still 1.74% lower than its price seven days ago. Hyperliquid emerged as a notable daily performer with a 4.13% jump, though it still carries a marginal weekly loss of 0.31%.

Despite the slight recovery in prices, overall trading activity has slowed down. According to data from CoinMarketCap, the total transaction volume in the last 24 hours stood at $121.43 billion (₹11.52 lakh crore), marking a 12.95% decrease compared to the previous day. This suggests that investors are moving with caution as they monitor the volatile international landscape.

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Swetha Guru

Shweta Guru is a seasoned journalist with over 5 years of experience across various prestigious media organizations. She specializes in insightful reporting and impactful storytelling, bringing a wealth of editorial expertise to our newsroom.