The crypto market has recorded a significant jump in the past 24 hours as altcoins wipe out previous losses. The swing in sentiments comes after the release of the Consumer Price Index (CPI) data showing cooling United States inflation. Bitcoin and altcoins have moved upwards raising the crypto market capitalization to $2.52 trillion, a 3.45% increase in the last 24 hours.
Altcoins in the top 20 mark rebounds however some assets are outpacing the maker with double-digit figures while others saw slight gains. Overall, crypto bulls rally behind their assets projecting a rebound above current resistance levels. Here are the top altcoins in the crypto market today.
Uniswap (UNI)
UNI, the token of decentralized crypto exchange, Uniswap has notched increased inflows over top altcoins. The asset surged 11% in the past 24 hours pushing its price to $9.81. Although weekly figures remain in the red zone, the recent spike rallied its community anticipating renewed interest. UNI is down 10% this week along with other crypto assets. Last week, crypto assets recorded plunging sentiments after the U.S. job data.
The rise above top altcoins led to speculations of the asset moving past the $10 mark.
Chainlink (LINK)
LINK trades at $16.02, up 6.7% in the last 24 hours as wider crypto assets rebound. Chainlink’s market capitalization stands at $9.4 billion while trading volumes surged to $448 million. Like Uniswap, weekly numbers are in the red zone after previous liquidations. The assets posted 9.5% outflows in the last seven days while monthly figures are up 19%.
Solana (SOL)
Solana, popularly known for outpacing the market has gained 5% today making a rebound with recent inflows. Solana has also seen an uptick in decentralized finance (DeFi) numbers. Solana’s price regained $155 with a 1.5% jump in daily trading volumes. With a market cap of $71.5 billion, Solana’s growth continues to ignite bullish trends.
Solana meme coins are also marking huge gains in the market as tokens take the shape of Q1 frenzy inflows.
Also Read: 3 Meme Coins With 300X Potential Post CPI Data
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David is a finance news contributor with 4 years of experience in Blockchain Technology and Cryptocurrencies. He is interested in learning about emerging technologies and has an eye for breaking news. Staying updated with trends, David reported in several niches including regulation, partnerships, crypto assets, stocks, NFTs, etc. Away from the financial markets, David goes cycling and horse riding.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
