The crypto market is finishing the working week on a high, with Ethereum and Bitcoin both busting higher, paving the way for some altcoin frothiness, led by Arbitrum, Rocket Pool and Optimism.

Before we take a closer look at some of the day’s price action on coins of interest, let’s check in with the leading crypto market sentiment tracker… the good ol’, aptly named, Fear & Greed Index.

And, as suspected, given the price surge over the past few days, we’re seeing some significant Greed rearing its head and rubbing its hands together perhaps a little too enthusiastically. Exciting and just ever-so-slightly concerning all at the same time. Mainly the former, though.

Source: alternative.me

 

Top 10 overview

With the overall crypto market cap at US$1.34 trillion, up 4.6% since this time yesterday, here’s the current state of play among top 10 tokens – according to CoinGecko.

Pretty much from the moment we published our morning Mooners and Shakers roundup, the crypto market took a fairly significant afternoon (AEDT) surge, adding an extra US$30 billion or so to its coffers.

The standout? Ethereum (ETH), with a 10.5% pamp. That said, Lido Staked Ether (STETH) is travelling quite nicely thank you very much, as is Dogecoin (DOGE).

The ETH and STETH pumps have direct correlation with the excitement around the successful Shapella (Shanghai and Capella) upgrades for the Ethereum blockchain, and an increase in positive Ethereum-staking sentiment, not to mention liquidity flow through the network and staking ecosystem.

The DOGE leap, meanwhile, may very well have something to do with the fact Elon “Dogefather” Musk’s Twitter has announced integration with the eToro trading platform for crypto and stocks trading enablement.

As for Bitcoin and crypto in general, do you think there’s much frothy sentiment around at the moment?

 

Uppers and downers: 11–100

Sweeping a market-cap range of about US$9.96 billion to about US$479 million in the rest of the top 100, let’s find some of the biggest 24-hour gainers and losers at press time. (Stats accurate at time of publishing, based on CoinGecko.com data.)

PUMPERS

• Arbitrum (ARB), (market cap: US$1.98 billion) +27%

• Rocket Pool (RPL), (mc: US$980 million) +19%

• Aptos (APT), (mc: US$2.5 billion) +17%

• Optimism (OP), (mc: US$829 million) +15%

• Lido DAO (LDO), (mc: US$2.26 billion) +15%

• Radix (XRD), (mc: US$762 million) +15%

• SingularityNET (AGIX), (mc: US$518 million) +10%

• Chainlink (LINK), (mc: US$.064 billion) +8%

 

Around the blocks

Some pertinence and randomness that stuck with us on our morning moves through the Crypto Twitterverse.

Remember when Jim Cramer said this a couple of weeks ago?

 

 

Read MoreBitcoinCryptocurrencyEthereum

You might be interested in