Top 100 cryptocurrencies are in green, global market cap climbs to $1.24t

The top 100 cryptocurrencies listed on CoinMarketCap (CMC), excluding stablecoins, are paving the green zone as the global crypto market cap gained over $50 billion in just 24 hours. The bull run comes as some of the assets have reached key milestones.

Top 11 cryptocurrencies – April 11 | Source: CoinMarketCap

For instance, the largest digital currency, bitcoin (BTC), surpassed the $30,000 mark for the first time since June 2022. According to a crypto.news report, one of the main reasons for the bull run might be the rise of investors’ optimism.

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According to CMC data, the top gainer in the past 24 hours is render token (RNDR), with 16.6% gains in the mentioned timeframe. The last gainer on the list is LEO, up by 0.15% in the last 24 hours.

Render token price chart – April 11 | Source: CoinMarketCap

The bull run comes as the global crypto market cap rose from $1.185 trillion to $1.241 trillion in less than 24 hours, according to data provided by CMC. However, the total capitalization witnessed a $5 billion drop in the past 8 hours and stands at $1.236 trillion at the time of writing.

Global crypto market cap – April 11 | Source: CoinMarketCap

According to CMC data, most digital currencies marked their local highs at around 02:00 UTC, when the global market cap was at its 10-month-high.

Furthermore, Michaël van de Poppe, the founder and CEO of the global trading company, Eight, expects the total crypto market capitalization to reach $2 trillion if it breaks the $1.25 trillion barrier.

The total market capitalization of #Crypto is doing well.

Above 200-MA and 200-EMA, but needs to break crucial resistance.

At $1.25T we need to break through, if we do, we’ll be seeing a strong run to $2T.

Beautiful retest of 2017 peak high & weekly bullish divergence. pic.twitter.com/XhekQLnuLW

— Michaël van de Poppe (@CryptoMichNL) April 11, 2023

It’s not just the top 100 cryptocurrencies on the bull run. The top football fan tokens have also crossed the $370 million mark, with FC Barcelona Fan Token, BAR, leading the way with a market cap of almost $45 million.

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