The cryptocurrency market on Thursday closed on a bullish note after gaining about $36.3 billion in value, representing a 1.66% improvement to close at $2.23 trillion.
The positive direction of the market was triggered by the 1.77% gain in the flagship crypto asset, bitcoin, to close at $47,306.31.
In a related development, Ethereum gained 3.1% in value on Thursday to close at $3,740.23, while Solana appreciated by 1.48% to close at $173.1275.
In the same vein, Luna gained 0.15%, while Uniswap recorded a 2.98% gain to close at $17.64.
Binance Coin surpassed its two larger rivals, Bitcoin and Ether, among the three largest cryptocurrencies by market capitalization.
Binance Coin (BNB), a competitor to Bitcoin, and Ether, the third largest cryptocurrency by market value, has outpaced the two most popular digital tokens. As of Thursday morning, Binance coin has risen nearly 1,298% this year (year-to-date).
