Bitcoin jumped above $64,000 briefly, thus coming less than 5% away from a new ATH but retraced slightly and now stands around $63,000. Most altcoins have gone on a tear, including a massive double-digit surge from Solana leading to a new ATH.
SOL Surpasses Cardano After a New ATH
As reported earlier, the second-largest cryptocurrency registered yet another new all-time high. This time, Ethereum surpassed $4,600 for its latest record. Despite retracing to just shy of that level, ETH is still 5% up on the day.
Another new peak came from Solana. SOL skyrocketed by 12% and charted its latest ATH at $232, according to CoinGecko. Moreover, the asset has surpassed Cardano as the 5th largest digital asset, even though ADA is up by 8% since yesterday.
More gains come from Binance Coin (2%), Ripple (10%), Polkadot (5%), Dogecoin (1.5%), Terra (7%), Avalanche (8.5%), Chainlink (3%), and Litecoin (4.5%).
The lower- and mid-cap alts display even more fluctuations. Arweave leads the way with a 40% surge, followed by Loopring (35%), Telcoin (18%), Maker (16%), Amp (14%), CRO (14%), Kadena (14%), MATIC (11%), and Synthetix (10%).
The cryptocurrency market capitalization also saw a new record at $2.750 trillion after adding $100 billion since yesterday’s low.
Bitcoin Calms at $63K
Bitcoin dipped below $60,000 a few days ago but was quick to reclaim that particular coveted line, as reported earlier this week. It went above $62,000 before retracing again to $60,500 and calmed around $61,000 yesterday.
However, this is where the bulls came to play again. In a matter of hours, they pushed the cryptocurrency to $63,000 24 hours ago. Furthermore, BTC kept climbing during the day and tapped a high of $64,400, meaning that it came just 4% away from the ATH at $67,000.
Nevertheless, bitcoin failed to continue upwards and has retraced by around $1,000 since then. As such, the gaining altcoins have further reduced its dominance over the market to just over 43%. Just for reference, the metric was 47% a few weeks ago.
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
This news is republished from another source. You can check the original article here
Be the first to comment