Bitcoin Solid at $63K, Solana Breaks ATH Surpassing Cardano as Top 5 Largest Crypto (Market Watch)

ATH

Bitcoin briefly topped $ 64,000, moving away within 5% of a new ATH, but has retreated slightly and is now around $ 63,000. Most altcoins have gone on a tear, including a massive double-digit surge from Solana leading to a new ATH.

SOL overtakes Cardano after new ATH

As previously reported, the second largest cryptocurrency has set a new all-time high. This time, Ethereum surpassed $4,600 for its latest record. Although it has returned to just below that level, ETH is still up 5% on this day.

Another new peak came from Solana. SOL skyrocketed by 12% and charted its latest ATH at $232, according to CoinGecko. Additionally, the asset has overtaken Cardano as the 5th largest digital asset, even though ADA is up 8% since yesterday.

More gains come from Binance Coin (2%), Ripple (10%), Polkadot (5%), Dogecoin (1.5%), Terra (7%), Avalanche (8.5%), Chainlink (3%), and Litecoin (4.5%).

The low and mid cap alternatives show even more fluctuations. Arweave leads the way with a 40% surge, followed by Loopring (35%), Telcoin (18%), Maker (16%), Amp (14%), CRO (14%), Kadena (14%), MATIC (11%), and Synthetix (10%).

The cryptocurrency’s market cap also hit a new high at $ 2.7 trillion after adding $ 100 billion from yesterday’s low.

Bitcoin Calms at $63K

Bitcoin dipped below $60,000 a few days ago but was quick to reclaim that particular coveted line, as reported earlier this week. It rose above $ 62,000 before slipping back to $ 60,500 and calmed down to around $ 61,000 yesterday.

However, this is where the bulls came to play again. In a matter of hours, they pushed the cryptocurrency to $63,000 24 hours ago. Additionally, BTC continued to climb during the day and hit a high of $ 64,400, meaning it moved only 4% away from ATH at $ 67,000.

Nevertheless, bitcoin failed to continue upwards and has retraced by around $1,000 since then. As such, the winning altcoins further reduced its dominance in the market to just over 43%. Just for reference, the metric was 47% a few weeks ago.

admin

Read Previous

Three Possible Reasons Why Ethereum Hit Two All-Time Highs in One Day

Read Next

Binance is Tracking the Squid Game Scammers and Will Hand the Intormation to Authorities

Leave a Reply

Your email address will not be published. Required fields are marked *

Right Menu Icon