The latest developments in the United States claiming that a Bitcoin ETF could be around the corner pushed the cryptocurrency to $ 63,000 hours ago. Most altcoins have failed to follow their leader north, and the BTC dominance reached a near three-month high.
Bitcoin came to $ 2,000 from ATH
By October 13 – just three days ago – the primary digital asset had fallen below $ 55,000 after being rejected at the $ 58,000 level. The situation quickly changed in the following days, and BTC headed north towards new multi-month highs.
At first, bitcoin came close to $ 58,000 again, and after a few more attempts managed to decisively overcome it. This came amid reports that a Bitcoin Futures ETF could launch in the US as early as next week.
While the Securities and Exchange Commission has yet to release an official confirmation on the matter, rumors escalated on Friday, which propelled BTC to another head start.
This time, bitcoin shot above $60,000 and kept climbing. That peaked a few hours ago when assets moved away from just $ 63,000, or about 3% of their all-time April high of $ 65,000.
BTC has retraced by a few thousand dollars as of now, but it’s still well above $60,000, and its market capitalization stands north of $1.150 trillion. Its dominance over altcoins hit a nearly three-month high at 47%, with most of them lagging behind.
ETH Eyes $4K: DOT Up by 7%
As mentioned above, most alternative coins have lost some ground against bitcoin lately, but they are still well in the green against the dollar. Ethereum had fallen below $ 3,500 a few days ago, but is currently trading near $ 3,900.
Binance Coin (3.5%), Cardano (1.5%), Ripple (1%), Dogecoin (3.5%), Terra (1%), and Litecoin (4%) have marked some gains on a 24-hour scale. Polkadot topped all others with a 7.5% increase above $ 43. This came just days after the project made a massive announcement in regards to its parachains.
Solana is the only coin in the top 10 with a significant price drop since yesterday, dropping 3% to less than $ 160.
More gains from The Graph (17%), Amp (15%), NuCypher (10%), and ICP (8%) helped the crypto market cap to top $2.5 trillion briefly. Thus, the metric came inches away from charting a new all-time high as well.
