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.
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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.
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