Baku: An increase has been observed in major assets in the cryptocurrency market over the past 24 hours, APA-Economics reports, citing the CoinMarketCap platform. The price of Bitcoin rose by 2.75% over the last 24 hours to $71,358.
According to Azeri-Press News Agency, the price of Ethereum, the second-largest cryptocurrency by market capitalization, increased by 4.02% over the past day to $2,107. Among other major cryptocurrencies, the price of BNB rose by 2.54% to $660, while Bitcoin Cash increased by 2.95% to $467.
At the same time, Bittensor, one of the artificial intelligence-oriented projects, demonstrated stronger dynamics. The asset’s price increased by 13.45% over the past 24 hours, reaching $229. According to the data, the total capitalization of the cryptocurrency market stands at $2.43 trillion, while the CMC Crypto 200 Index is at 146.66.
The Fear and Greed Index, which reflects market sentiment, stands at 31 points, indicating that investors remain cautious. According to analysts, the increase in the market is mainly related to the continued interest of institutional investors, the growing inflow of capital into some major cryptocurrencies, and a relatively higher risk appetite in global financial markets. At the same time, the growing interest in cryptocurrencies linked to artificial intelligence and technological projects has also driven stronger dynamics in some assets.