Crypto Market Cap Rises 1.11% as Bitcoin and Ethereum Advance

Token Times Market Desk — The total crypto market capitalization rose 1.11% over 24 hours to $2.71T, reflecting a broadly positive session across the digital asset market.

Bitcoin increased 4.56% to $80,496, while Ethereum gained 6.77% to $2,419.58. Ethereum recorded the larger move between the two assets during the period.

Derive led the reported gainers with a 17.98% increase over 24 hours. Raydium rose 15.01% to $1.75 despite remaining 3.49% lower over seven days, while Backpack advanced 12.43%. Stacks gained 10.96% over 24 hours and 19.56% over seven days; no clear coin-specific catalyst was identified for any of these moves, which were associated with the broader market advance.

Official Trump fell 17.74% over 24 hours and declined 27.85% over seven days as broader market conditions improved. Negative sentiment toward the memecoin was cited, although there was no single confirmed catalyst. Rain dropped 9.47% over 24 hours and 11.46% over seven days, with no recent coin-specific headline explaining the decline.

Bitcoin dominance stood at approximately 59.6% of the total crypto market capitalization. The Fear & Greed Index registered 50, placing sentiment in the neutral category as the broader market posted gains.

Recent coverage included reports of Bitcoin moving above $80,000 following the US midterm results and higher stablecoin adoption, including 76.53 million Tron holders and RLUSD exceeding $2.5 billion. Other headlines concerned Hedera's innovations at the Singapore Fintech Festival, Robinhood's code-verification timeline and an IMF research conference.