Amid Bitcoin's surge past $35,000, other top cryptocurrencies also mark their presence

Bitcoin, the top cryptocurrency, recently surpassed the $35,000 level after a massive rally.  

According to CoinGecko data, the Bitcoin price stands at $33,864 after experiencing a 10.3% growth over the last 24 hours. 

Ethereum (ETH) follows closely with a price of $1,807 and a 7.2% gain. Other major players include BNB, valued at $227 with a 3.2% growth, and XRP, standing at $0.54, after witnessing a 2.0% ascen and surpassing the $0.55 level. 

Notably, Solana (SOL) has seen an impressive 29.5% weekly surge, outperforming every other major coin. 

Bitcoin steals the spotlight 

A recent report by CoinShares highlights that institutional crypto products have shown positive inclines for four consecutive weeks. 

These products, distinct from direct crypto holdings, are exchange-traded products that track cryptocurrency values and are provided by companies such as Grayscale, 21shares, and Proshares.

Last week's investments culminated at $66 million, with a dominant 83.7% ($55.3 million) channeled towards Bitcoin.

A $10 million liquidation order 

The market has also witnessed a significant wave of liquidations, according to CoinGlass data. A staggering $402.01 million was liquidated in just the past 24 hours. 

This affected a massive count of 94,693 traders, with the most substantial single liquidation order, a $9.98 million transaction, taking place on the Binance BTCUSDT pair.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at [email protected].