The largest cryptocurrencies in the world rise this Monday (6), with the bitcoin (BTC) recovering price levels that had not been seen for almost two weeks.
The recent fall came after rising tensions in the Middle East intensified, causing risk assets to fall around the world.
The escalation of the conflict, however, did not materialize, which allowed space for the recovery of these assets.
It is worth remembering that, halfway through, the long-awaited halving of bitcoin happened — when the reward for mining the cryptocurrency drops in half. Read more here.
This recovery was reflected in BTC’s network activity: according to the Clark Moody panel, bitcoin reached an average rate of six transactions per second in the last 30 days, accumulating one billion transactions since its creation, 15 years ago.
In the last month alone there were more than 15 million transactions, driven by demand for the Runes protocol, launched during the halving.
See how the ten largest cryptocurrencies in the world operate today:
| # | Name (Symbol) | Price | 24h variation | 7d variation | YTD Variation |
| 1 | Bitcoin (BTC) | US$63,892.82 | 0.27% | 2.49% | 51.12% |
| two | Ethereum (ETH) | US$3,133.05 | 0.00% | -1.03% | 37.31% |
| 3 | Tether (USDT) | US$1.00 | 0.00% | 0.02% | 0.02% |
| 4 | BNB (BNB) | US$590.03 | 0.70% | 0.70% | 88.88% |
| 5 | Solana (SUN) | US$152.76 | 4.59% | 13.12% | 50.49% |
| 6 | USDC (USDC) | $0.9999 | 0.01% | 0.03% | 0.02% |
| 7 | XRP (XRP) | $0.5325 | 0.71% | 5.28% | -13.41% |
| 8 | Dogecoin (DOGE) | $0.1609 | 0.21% | 14.18% | 79.82% |
| 9 | Toncoin (TON) | $5.98 | 3.91% | 13.68% | 158.74% |
| 10 | Cardano (ADA) | $0.4637 | 1.45% | 2.27% | -21.97% |
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Beyond bitcoin: cryptocurrencies jump today
Attention always turns to the largest cryptocurrencies by market value, such as bitcoin and ethereum (ETH).
However, there is a dispute at the bottom of the table to remain among the top ten in the world.
For example, Cardano (ADA), which was one of the top 5 cryptocurrencies in the world in terms of market value, today loses to Toncoin (TON) and memecoin (i.e. meme currency) Dogecoin (DOGE).
Toncoin has its merit: after being announced as a platform for Telegram, one of the largest social networks in the world, the cryptocurrency accumulates an increase of almost 160% in 2024.
Dogecoin suffers from network effects as it is the most popular memecoin in the world, having a wide user base.
However, it is worth remembering that these joke cryptocurrencies on the internet have no foundation and are not considered good investments by sector analysts.
Tags: Bitcoin BTC surpasses billion transactions recovers price levels rally helps cryptocurrency performance today
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