After further falling prices to levels below $ 60,000, bitcoin has rebounded and currently stands at nearly $ 63,000. Most alternative coins have also charted gains in the past 24 hours, with the total market cap recovering more than $130 billion.
Bitcoin eyes $ 63K
After last week’s high, when bitcoin broke above $ 67,000, the asset’s value began to drop. This resulted in losing $7,000 in a few days.
BTC fell below $ 60,000 several times, and the same thing happened over the weekend. The latest such drop came hours ago when the cryptocurrency dipped to its lowest price point in over a week at $59,400 (on Bitstamp).
Since then, however, the landscape has changed. BTC bounced off and quickly reclaimed $60,000. He kept going up and added over $ 3,000 in value.
As of now, BTC is close to $63,000, and its market capitalization has neared $1.2 trillion once again. Its dominance over altcoins increased slightly in one day to 45.5%.
Alts See Green: SOL Nears ATH
Most alternative coins also retraced during the weekend but are in the green today. Ethereum fell below $ 4,000 a few days ago, but it now sits at $ 4,150.
Binance Coin, Cardano, Ripple, Polkadot, Terra, Avalanche, and Chainlink have tapped minor gains. Dogecoin has surged by more than 6% since yesterday and trades above $0.26.
Solana is the most impressive performer in the top 10 with a 7% increase. Consequently, SOL sits at $207 and is just inches away from its all-time high of around $216 from earlier this year.
More gains are evident with THORChain (14%), KuCoin Token (12%), The Graph (12%), Curve DAO Token (11%) and Fantom (10%).
Ultimately, the cumulative market capitalization of all cryptocurrency assets has added $130 billion in a day and now sits at $2.6 trillion.
