Following a few days of adverse price developments, bitcoin has finally gone on the offensive and challenged $66,000. Most altcoins are slightly in the green as well, with Ethereum reclaiming $4,700 and SOL trading above $240.
Bitcoin Eyes $66K
Ever since last week’s record of $69,000, the BTC landscape seemed gloomy. The cryptocurrency failed to continue upwards and lost roughly $7,000 in the following few days. This culminated in a drop to a weekly low of just over $62,000 during the weekend.
Bitcoin attempted a brief recovery on Sunday and touched $65,000 before the bears pushed it south once again, this time to $63,500.
This is where the situation changed once more as BTC started to appreciate in value rapidly. It added several thousand dollars in hours and even exceeded $66,000 where it’s currently situated as well.
BTC’s market capitalization has risen back to $1.250 trillion, while the dominance over the altcoins stands still at just over 43%.
ETH Above $4.7K as CRO Explodes 25%
The alternative coins also suffered in the past few days, with Ethereum dipping below $4,500. However, the second-largest crypto has gained more than 3% on a 24-hour scale and has reclaimed $4,700 as of now.
Solana’s increase is somewhat similar, and SOL now stands above $240. Ripple, Binance Coin, Cardano, Shiba Inu, and Avalanche are also slightly in the green.
Litecoin has added more than 9% of value in a day and has surged above $270. CRO has gained the most from the top 20 coins with a massive 25% surge to $0.50. In contrast, Dogecoin is down by 2.4%, while Terra stands still.
Further price gains come from WAX (34%), Ankr (20%), TRON (13%), KuCoin Token (11%), VeChain (11%), and Telcoin (10%).
Consequently, the cryptocurrency market capitalization has recovered roughly $100 billion in a day and has gone above $3 trillion on CoinGecko.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to $1750.
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.