Top Crypto Gainers: DeepBook Protocol, Immutable, Sui, Bonk, and Ethena

The cryptocurrency market has experienced a 6.76% surge, reaching a total cap of $2.95 trillion, with Bitcoin surpassing $94,000. Top gainers include DeepBook Protocol (75.20%), Immutable (41.34%), Sui (26.59%), Bonk (22.38%), and Ethena (17.09%). Optimism in the sector is spurred by regulatory enhancements following the new SEC chair’s appointment.

The cryptocurrency market has seen a resurgence, rising by 6.76% in 24 hours and reaching a total market cap of $2.95 trillion. Bitcoin’s impressive performance, crossing the $94,000 mark and achieving a market cap of approximately $1.86 trillion, has positioned it as the fifth-largest asset globally, surpassing Google.

Ethereum has also performed well, rising above $1,700, contributing to the positive momentum within the crypto market. Part of this rally appears to be driven by regulatory developments, particularly with Paul Atkins’ recent appointment as the new SEC chair, instilling confidence among investors.

The top five cryptocurrency gainers today are noteworthy:

1. DeepBook Protocol (DEEP): Currently priced at $0.2173 with a daily increase of 75.20%, DEEP’s market cap stands at $664.54 million, along with a trading volume of $952.8 million. It has surged over 100% from recent lows, with traders eyeing $0.2315 for the next target.

2. Immutable (IMX): IMX has gained 41.34%, now priced at $0.6467 with a market cap of $1.17 billion and a substantial volume of $465.63 million. It has hovered around a significant resistance level of $0.6974, which traders are monitoring closely.

3. Sui (SUI): SUI increased by 26.59%, reaching a current price of $2.92. The token’s market cap is approximately $9.5 billion, with 24-hour trading at $2.33 billion; it is eyeing resistance levels around $2.97 to $3.00.

4. Bonk (BONK): Priced at $0.00001578, BONK has seen a daily rise of 22.38% and a market cap of $1.24 billion, along with trading volume of $373.5 million. Further upward movement is anticipated if it surpasses $0.00001610.

5. Ethena (ENA): With a price of $0.3430 and a 24-hour increase of 17.09%, ENA’s market cap is around $1.9 billion, supported by a trading volume of $184.23 million. It is currently consolidating near resistance at $0.3475.

The current market upswing is attributed to newfound optimism regarding clearer regulatory frameworks, particularly following the SEC chair appointment. As confidence builds from Bitcoin and Ethereum’s strong performance, investors remain attentive to key resistance levels, monitoring for potential future market movements.