Bitcoin and Ethereum prices continue to ascent as the crypto rally continues. Altcoins are also flourishing amid record inflows into the spot Bitcoin ETFs. On Wednesday, BTC soared above $73,500, forming new all-time highs. Altcoins like TON, RUNE, and AAVE also showed remarkable gains. However, Ripple's price declined 1.3% in the last 24 hours.

A broader look at the market reveals that altcoins are leading the gains as the Total 3 market cap increased 1.8% on Wednesday. Nevertheless, Bitcoin dominance still managed a 0.13% uptick till the afternoon. This increase in the valuation of Bitcoin and the altcoin market can be linked to a 1.72% drop in the dominance of USDT, which is the biggest stablecoin in terms of market cap.

On the other hand, the dogcoin market appears to have entered into a consolidation phase. DOGE, SHIB, and FLOKI are down 0.9%, 1.6%, and 0.2% on the 24-hour timeframe. However, Dogwifhat seems to have a mind of its own, as it is up 17.8% during the same time.

Toncoin (TON) Price Prediction

The following chart shows the price action of the TON/USD pair on a 1H timeframe. Each candle on this chart encapsulates the price action of 1 hour. After a correction from the daily highs of $4.52, the TON price is resting at the $4.22 support.

A breakdown of this support may result in a deeper correction toward the previous resistance of $3.78, which could act as a support zone. However, a higher likelihood is of a bullish continuation toward the all-time high of $5.29.

Ripple (XRP) Price Analysis

At a time when the crypto community is celebrating record highs for the most altcoins, Ripple keeps disappointing its XRP holders. A recent breakout above the $0.618 resistance level was cheered by the XRP army, but the price couldn't break above $0.73. As a result, Ripple price prediction remains bearish until a clear break above this level.

RUNE, AAVE & BNB Rise More Than 10%

Fuelled by the ongoing bullish sentiment in the crypto markets, many L1 and DeFi coins have orchestrated a strong comeback from their bear market lows. Binance coin (BNB) gained 12% on Wednesday as the interest in the exchange and L1 coin increased.

AAVE and RUNE also grew by 12% and 10%, respectively, as the investor focus shifted toward DeFi coin. Other notable coins that showed similar upticks among the top 100 digital assets included Ronin (RON), Algorand (ALGO), MakerDAO (MKR), and Quant (QNT).