The overall cryptocurrency market cap gained around $90 Billion over the past 24 hours as BTC trades at a 3-month high beneath $47,000.
The somewhat stable volatility over the past sessions has seen Bitcoin claiming another high near $47K. The altcoins gained as well, recovering yesterday’s losses. Ethereum regained momentum above $3,100 as LTC and UNI increased by double digits.
BTC Nears $47K
Bitcoin has registered roller-coaster movements over the past days as the news about the US taxing the crypto market emerges from time to time.
The leading coin saw wild movements, climbing from $38K to $44K over the weekend. However, the crypto retraced slightly yesterday, Monday, due to the awaited Congress vote. That had Bitcoin closing below $43K.
Meanwhile, Bitcoin managed to surge again, touching $46.5K before dropping under $45K. Bitcoin surged again some minutes later, tagging $46,700, its highest value since the May crash.
The leading crypto by market supremacy appears to cool at the moment, standing at $46,000. Its dominance over alternative coins remained over 46% as the market cap saw northward moves to $850 billion.
Alts in Green
The altcoins seem to reverse yesterday’s trends that were full of severe corrections. ETH is among the top performance on a daily scale. The alternative asset plunged to $2,900 after a multi-month high that took it to $3,200. Meanwhile, Ethereum recovered well, trading at $3,150 at this writing.
Binance Coin gained some ground, trading at $355 after gaining 4%. Cardano (+4%) nears $1.5, Ripple (+3%) stands over $0.80, while DOGE, DOT, SOL, and LINK gained 5 to 6%.
Litecoin and Uniswap registered the highest gains as far as large-cap altcoins are concerned.
The two altcoins gained more than 10%. The price actions had LTC trading around $165 as UNI touches $30.
Ravencoin gained the most today, exploding by 40% to exceed $0.13. ICP (+20%), Harmony (+17%), Voyager Token (+15%), Elrond (+12%), Avalanche (+12%), Sushiswap (+11.5%), Telcoin (+11%) and FTX Token (+10%) joined the surges.
Such price movements had the total market cap adding about $100 billion to near $1.9 trillion.
Do you think that Bitcoin (BTC) will sustain its uptrends? Comment below.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
