Bitcoin reacted well to the last price drop below $ 41,000 and quickly topped $ 43,000. Most alternative coins continue with indecisive moves, with Binance Coin being today’s exception. BNB rose more than 8% to exceed $ 370.
Bitcoin Reclaims $43K
The enhanced volatility that bitcoin faced in the past several days continued yesterday as well. CryptoPotato reported when the cryptocurrency fell below $ 41,000 for the second time in days, but the bulls pushed it up a few thousand dollars almost immediately.
However, the pain wasn’t over yet as another price drop transpired, which pushed it down to a new low of $40,800 (on Bitstamp). The situation changed again somewhat quickly, and this time BTC went higher.
In just a matter of hours, bitcoin added roughly $3,000 of value and tapped an intraday high of $43,800. At present, however, it has fallen back several hundred dollars and stands at around $ 43,000.
As a result, bitcoin’s market capitalization has risen above $800 billion, while the dominance over the alternative coins has increased to just under 43%.
BNB sees 8% increase
Most of the alternative coins have not produced any significant gains over the past few days. Ethereum has been one of the biggest losers as it had dropped from above $3,100 to $2,900, where it stood for a while. In the last 24 hours, ETH has had a run and topped $ 3,000, but as of now it has come back below that level once again.
Cardano continues to decline in value with another 2% dip. As a result, ADA sits below $ 2.1. Ripple, Solana, Polkadot, Dogecoin, Avalanche and Terra have remained relatively calm since yesterday.
Binance Coin has outperformed all larger-cap alts with an 8% increase. As a result, BNB hit a multi-day high above $ 370. This comes just hours after the leading crypto exchange announced the latest project to go live on its Binance Launchpad.
OMG Network is the lone double-digit winner in the past 24 hours with a 13% increase, followed by LEO with a 9% increase.
Nevertheless, the crypto market cap has added around $40 billion and currently stands above $1.9 trillion.
