The crypto market cap has increased by more than $200 billion for the second day in a row, reaching $2.6 trillion. ETH rose another 5.3% over the past 24 hours to $2,400, after gaining 18.5% the previous day. The altcoin market cap increased by $39.1 billion (9.1%), which is above the crypto market’s overall growth of 7%. This contrasts with yesterday’s figures, which were below the average growth rate (9.6% versus 10.5%). The increase was driven by a 19.4% rise in XRP to $1.38, which added $14.1 billion in market capitalization, accounting for 36% of altcoin growth.
Over the week, the Fear and Greed Index rose from 36 (fear) to 73 (greed). Meanwhile, daily inflows into BTC ETFs ($606.3 million) and ETH ETFs ($220.8 million) reached their highest levels in the past 3 months. Over the past 24 hours, $1.2 billion in short positions were liquidated. This made up 83% of all liquidations in the crypto market.