Overall market on the rise! BTC up 12%, ETH up 9%, RNDR/OP/OKB/FXS surging.

Bitcoin broke through $23,000 in the early hours of 2/16 and had reached $24,700 by the time of writing, up nearly 12% in the past 24 hours; Ethereum also saw a 9% increase, nearing $1,700 at the time of writing. What could be the reason for the hot surge in the top 100 market value tokens?

Top 10 Cryptocurrencies with the Highest Price Increase

Bitcoin has seen the highest price increase in the past 24 hours, with Ethereum and Binance Coin (BNB), which has been influenced by BUSD, also showing nearly 9% gains. Other coins have also risen, with MATIC and SHIB having the highest increase in the past 30 days. Although BNB briefly dropped below $300 during the BUSD incident, it quickly recovered, and Binance expressed its willingness to pay fines to regulators. Dogecoin (DOGE) and Shiba Inu (SHIB) have not been significantly affected by Elon Musk's tweets, with their price increases lower than that of Bitcoin.

Related News: BUSD Incident Recap | Is Stablecoin a Security? Regulatory Demands to Halt Issuance? Binance's Zhao Changpeng Responds? Any Connection with USDC?

Although the U.S. stock market closed higher, potentially boosting the cryptocurrency market, news of the SEC tightening cryptocurrency custody qualifications may have an impact on industry players, which remains to be observed.

Top 100 Market Cap: RNDR Surges 250% in 30 Days

Render Token (RNDR), a concept coin advocating rendering technology, surged by 20% in a single day and has seen a 250% increase in the past 30 days. For more information, please visit

Optimism (OP), an Ethereum Layer 2 scaling solution, has been continuously rising as its competitor Arbitrum delays its token launch. OP surged by 18% in a day and has increased by over 53% in the past 30 days.

Following the announcement by OKX founder Xu Mingxing about the upcoming "community-driven new OKB Chain," OKB, the platform token of OKX, surged by 20% in a day and nearly 60% in the past 30 days.

FXS, a partially collateralized algorithmic stablecoin, may have gained momentum following the exposure of regulatory risks with BUSD, seeing a 14% increase in a day.

Additionally, BLUR, an NFT market token that was airdropped on 2/15, has surged by 50% in the past 24 hours, reaching $1.