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The worldwide #cryptocurrencymarket reached a valuation of $1.06 trillion.

This occurred amid positive performance from various
#cryptocurrencies, including #Bitcoin ($BTC), #Ethereum ($ETH), #Dogecoin ($DOGE), #Ripple ($XRP),#Litecoin ($LTC), and #Solana ($SOL), all of which showed gains.

Notably,
#AxieInfinity ($AXS) saw the most significant increase, surging by over 11 percent in the last 24 hours, while #ApeCoin ($APE) experienced a decline of nearly 4 percent during the same period.
The global #cryptocurrencymarket cap was $1.06 trillion at the time of writing, with a 24-hour decrease of 1.33 percent.

#Bitcoin ($BTC) dropped below $27,000, while #Ethereum ($ETH) fell below $1,600, likely due to US Federal Reserve Chair Jerome Powell's statement on potential interest rate hikes.

Popular altcoins like
#Dogecoin ($DOGE), #Ripple ($XRP), #Solana ($SOL), and #Litecoin ($LTC) traded sideways. TerraClassic ($LUNC) was the top gainer, with a 24-hour increase of over 5 percent.
🔵 #Bitcoin (BTC) briefly exceeded $47,000 after the US Securities and Exchange Commission (SEC) approved BTC exchange-traded funds (#ETFs).

🔵 Approval of $BTC ETFs is a major victory for the #cryptocurrencymarket.

🔵 Speculation is rising about #Ethereum (ETH) ETFs following Ethereum's climb to $2,600 from a 20-month high of $2,500.

🔵 The global #cryptomarket cap was $1.77 trillion, reflecting a 3.49 percent increase in the last 24 hours.