It took bitcoin less than three weeks to break its own ATH of $67,000 and set a new one at nearly $69,000. Ethereum followed suit and painted a new record as well, while Cardano has gained the most from the larger-cap alts with a 12% surge.
BTC’s New ATH Came Hours Ago
Just three days ago, the primary cryptocurrency struggled at around $60,000, and the community wondered if it will be able to remain above that level for long.
However, a lot can change in the market for three days. Instead of dipping below $60,000, bitcoin went on the offensive and started to gain value rapidly.
As reported yesterday, BTC skyrocketed by several thousand dollars and reached $66,000. It was inches away from breaking its record at $67,000. After spending some time below that line, it finally did so and charted a new peak at $68,600 (on Bitstamp).
As of now, BTC has retraced by a few hundred dollars, but its market capitalization is just shy of $1.3 trillion. The dominance over the altcoins has increased slightly to 43.7%.
ETH New ATH: ADA Up 12%
The second-largest cryptocurrency also saw a new record in the past 24 hours. A few days ago, ETH had dipped below $4,500, but the bulls stepped up and pushed it north. The latest leg up resulted in Ethereum touching $4,860, which became the new ATH.
Binance Coin, Solana, Ripple, and Polkadot are also slightly up on the day. Shiba Inu and Terra have added around 4% of value. Cardano has surged the most from the top ten coins, with a 12% increase to nearly $2.3.
Litecoin, on the other hand, has skyrocketed by 19% in a day to $250. In contrast, Dogecoin and Avalanche have marked minor losses.
Further gains come from Livepeer (56%), Loopring (39%), Basic Attention Token (23%), Helium (23%), Dash (13%), VeChain (13%), Curve DAO Token (11%), and The Graph (10%).
According to CoinGecko, the cryptocurrency market cap saw a new record as well at around $3.1 trillion.
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