Altcoins rallied in lockstep with global markets following an update from President Donald Trump regarding the conclusion of U.S. combat operations in the Middle East. The news acted as a primary catalyst for a broad “risk-on” rotation, propelling the total altcoin market capitalization from $979 billion to $1.07 trillion within a 24-hour window. This move marked first time the altcoin sector reclaimed the $1 trillion mark for the first time since March 26.
Leading the charge was ethereum ( ETH), which surged from a base of $2,010 to hit a session high of $2,155. Beyond the macro-geopolitical tailwinds, ETH’s 4% climb was fueled by reports that Bitmine aggressively expanded its holdings, adding 71,179 ETH to its treasury. The number two digital asset also received a boost from spot ETH exchange-traded funds turning positive, signaling that institutional appetite is returning despite a rocky first quarter.
While ETH remains notably below its March 17 peak of $2,360, this latest jump solidified a 30-day gain of approximately 10%. This represents a trend reversal after a brutal start to the year; ETH closed January and February with losses of 15% and 20%, respectively. The rally pushed ETH’s market cap to $257 billion, though the volatility triggered $106 million in 24-hour liquidations.
XRP also saw a relief bounce on the news that hostilities in the Middle East could potentially wind down by April. It climbed from a session low of $1.31 to $1.36, which pushed its market cap to approximately $83.4 billion. However, despite the mini-surge, XRP’s monthly performance remained stagnant, ending March with a 0.5% gain. Year to date, the asset remains a significant laggard, down 26.3% since Jan. 1.
Bitcoin closed March with a modest gain after a volatile session, swinging between $65,926 and $68,517 before settling above $67,500.…
Bitcoin closed March with a modest gain after a volatile session, swinging between $65,926 and $68,517 before settling above $67,500.…
Bitcoin closed March with a modest gain after a volatile session, swinging between $65,926 and $68,517 before settling above $67,500.…
While the high-cap altcoins saw steady growth, several mid-to-high-cap assets delivered outsized returns. STO rose the fastest, jumping 75%, while ALGO was up 17%. Additionally, Zcash (ZEC) saw a 7% gain, the largest among high-cap privacy coins.
The rally, however, was not universal. Digital assets such as TRX (1.5%), BCH (1.5%), and CC (3.1%) posted underwhelming gains, failing to keep pace with the broader market momentum. The most drastic move came from SIREN, which bucked the bullish trend entirely by plunging 82%.
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