Crypto Market Cap Nears $2.8T as NEAR, AVAX and SUI Post Double-Digit Gains
- —Market cap rose to $2.8 trillion with trading volume at $76.3 billion
- —NEAR +22%, AVAX +17%, SUI +14%; JUP, SEI, RNDR and CAKE also gained
- —24-hour liquidations totaled $357 million, with shorts at about $240 million
- —Bitcoin ETFs saw $433 million in inflows; Ethereum ETFs lost $140 million for the week
Why it matters: Rising volume and a short squeeze point to capital rotation into altcoins, but the rally needs sustained ETF inflows to hold.
Source: Cryptonews.net