Bitcoin

Ethereum

Cardano

Arbitrum

Today’s market session seems a good day for bulls with the global <a href="https://blockchainreporter.net/market/" rel="noopener noreferrer nofollow">market</a> cap recording an increase of 4.3% within a 24-hour period displaying tremendous action by bulls on the markets today.<a href="https://blockchainreporter.net/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> has led the way with a minimal increase in valuation over the period, gaining 2.4% for the day and a notable 10% for the week. This comes as BTC pulls look to establish a new ATH for the year above the $31K mark, with the asset trading at $30.8K as of press time, showing a bridge over the $30K resistance level.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/dcf28986e6b44d5483ca629c9acf5ad5.png" />BTC 24-hour charts | Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">CoinMarketCap</a>The assets trading volume had also recorded an increase of over 10% showing the increasing activity on the BTC network.<a href="https://blockchainreporter.net/ethereum/" rel="noopener noreferrer nofollow">Ethereum</a>, the 2nd most renowned crypto, is leading the way among today’s, market session top gainers. The asset, now trading at $2.1K as of press time, had gained an increase of 10% within 24, hours as Ethereum bulls look to push the coin beyond the $2.2K mark as activity in the network amid the post shanghai upgrade as the network saw an increase in <a href="https://blockchainreporter.net/glossary/trading/" rel="noopener noreferrer nofollow">trading</a> volume of close to 50% as of press time.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/2cc226d8e615471a92c6ca436a66089b.png" />ETHH 24-hour charts | Source: <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">CoinMarketCap</a><h2 id="header-0">How are altcoins doing?</h2>For the third consecutive day, Ripple has continued to display great dominance with the asset gaining 7% in price valuation within the same period, displaying the amount of effort being exerted by bulls on the asset’s network.Cardano as well has shown tremendous gains in today’s market session, gaining an 8% increase in daily valuation as well as 15% for the week. The asset’s trading volume has also seen an 86% increase within the same period showing increasing activity on the network amid a new development at the network that might have attributed to the surge.Cardano recently announced the launch of Aiken’s alpha phase, an open-source smart contract language and toolchain that aims to simplify and enhance the development of smart contracts on the Cardano network. Aiken solves several issues that developers face when using the Haskell Plutus platform, including difficulty in setting up, learning, and using the platform, hard-to-debug smart contracts, and poor interoperability with other off-chain languages.The new language is purely functional and strongly typed, with state-of-the-art features optimized for a better development experience. Aiken is also interoperable and can easily integrate with other tools and languages. The tooling modularity feature allows developers to use only what they need. Aiken includes several domain-specific conveniences, such as helpful and quick compiler feedback, automatic code formatting, and an interoperable and portable binary specification format.The Aiken team plans to run audits to ensure Aiken meets the standards expected of an enterprise-grade toolkit. The development of Aiken is open-source and requires early developers and feedback to shape the project for longevity.<h2 id="header-1">Top trending coin today</h2>Arbitrum, the number one trending coin, bagged today’s top gainer having recorded an increase of close to 30% within a 24-hour period. The token’s trading volume had also seen a surge of over 470% within the same period as the asset traded at $1.56 as of press time.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/d2e37625c33f4956b8fa502fda635109.png" />ARB 24-hour chart | Source: <a href="https://coinmarketcap.com/currencies/arbitrum/" rel="noopener noreferrer nofollow">CoinMarketCap</a>

Market Recap: Ethereum and Cardano Dominate as Bulls Act on Bitcoin

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