- Bitcoin rose significantly in the past 24 hours, reaching a new ATH of $ $76,943.12.
- Pendle’s TVL has been rising since October this year and stands at $2.85 billion.
- JUP has skyrocketed 45.47% in the past month.
Major altcoins, including Cronos (CRO), Pendle (PENDLE), Jupiter (JUP), Pyth Network (PYTH), and Arweave (AR), soared over the past 24 hours after Bitcoin (BTC) set a new all-time high of $76,943.12, approximately 11 hours back. Currently, Bitcoin is trading at $75,913.62, up 1.51% over the past day.
Bitcoin’s record-breaking rally and the inflows of $1.3 billion into spot Bitcoin ETFs, following Donald Trump’s victory in the U.S. elections, have significantly impacted altcoins. Institutional adoption of digital assets and increased development activity are driving this surge across the crypto market.
Cronos (CRO) and Pendle (PENDLE) Lead the Altcoin Rally
According to CoinMarketCap data, CRO is trading at $0.1038, up 21.23% in the past day with a market cap of $2.71 billion and a trading volume of $76.54 million. In the past week, CRO rose 39.88% while skyrocketing 33.07% in the last 30 days. However, the cryptocurrency is still trading at a discount of 89.3% to its ATH of $0.9698.
Read also: Bitcoin and Altcoins Rally After Trump Win, Analyst Predicts Pullback
On the other hand, PENDLE and JUP are up 4.90% and 6.45% in the past 24 hours and trading at $5.40 and $1.08, respectively. As per DefiLlama data, PENDLE’s total value locked (TVL) has been on the rise since early October, increasing to $2.85 billion at the time of writing. The altcoin is up a whopping 38.84% in the past month and is just 27.69% down from its all-time high of $7.52 witnessed seven months ago.
On the other hand, JUP has surged a significant 45.47% in the past 30 days, outperforming PENDLE. Jupiter DEX’s TVL rose from $0 in January to an all-time high of $1.76 billion at the time of writing, a major reason for JUP’s monumental price increase.
Pyth Network and Arweave: Emerging Players in the Bull Market
PYTH and AR both displayed potential for substantial returns as PYTH has jumped 10.16% in the past 24 hours and trades at $0.4158 with a market cap of $1.51 billion. The altcoin is up 15.29% in the last seven days and 34.49% in the past month.
Meanwhile, AR is trading at $17.40, up 6.84% in the past 24 hours and 15.18% in the last 30 days. With a market cap of $1.14 billion, AR is the 67th-largest digital asset as per CoinMarketCap data.
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