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Bitcoin, Ethereum, Dogecoin Trade Mixed As Crypto Market Capitalization Soars Higher Than Levels After Terra Implosion: Analyst Predicts BlackRock's Spot ETF To Catapult BTC Over $100K 'Almost Instantly'

Major cryptocurrencies had a varied trading session on Tuesday, with the overall value of the cryptocurrency market capitalization reaching a 16-month high due to a surge in altcoin rally and positive sentiment in traditional markets.

Cryptocurrency Gains +/- Price (Recorded 9:30 p.m. EST)
Bitcoin (CRYPTO: BTC) +1.24% $35,398
Ethereum (CRYPTO: ETH) -0.22% $1,889
Dogecoin (CRYPTO: DOGE) -2.05% $0.073

What Happened: The crypto rally has now extended beyond Bitcoin, resulting in the total cryptocurrency market capitalization surpassing $1.31 trillion on Tuesday, according to TradingView data. This milestone represents the highest reading since late May 2022, a period marked by the implosion of the Terra ecosystem.

Based on data from Coinglass, Bitcoin futures Open Interest (OI) has crossed the $15 billion milestone for the first time since the UST de-pegging incident in early May 2022.

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Top Gainer (24 Hour)

Cryptocurrency Gains +/- Price (Recorded 9:30 p.m. EDT)
Trust Wallet token +10.42% $1.79
Solana +9.11% $43.96
Cronos +8.54% $0.080

The global crypto market cap currently stands at $1.33 trillion, reflecting an increase of 0.85% in the ...

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