Bitcoin kept climbing yesterday and registered a new three-week high at just over $45,000. On a daily scale, though, most alternative coins have lost some traction, but the crypto market cap has reclaimed the coveted $2 trillion mark.
Bitcoin touched $45,000
Bitcoin’s price trajectory over the past few days has been mostly bullish. The asset spooked bulls on Monday that it could drop below $40,000 for the first time in a week, but they regained control of the market and pushed BTC north.
As a result, bitcoin jumped by several thousand dollars and soared above $43,000. After a brief retracement in the following 24 hours, BTC went back on the offensive and reclaimed $44,000, as reported yesterday.
The upward trend continued for the past 24 hours and the cryptocurrency reached and briefly exceeded $45,000. That became its highest price since March 2.
As of now, BTC trades around $44,500, but its dominance over the altcoins has increased slightly to just over 42%. Its market capitalization has neared $850 billion.
Alts See Minor Losses
Alternative coins have largely mimicked BTC’s performance lately, including yesterday’s price appreciations. Today, however, most have stagnated or posted slight declines.
Ethereum is among those with a minor decrease, but the second-largest crypto remains above $3,100. Binance Coin, Ripple, Cardano, Dogecoin, Avalanche, Dogecoin, and Shiba Inu have produced similar price movements.
Solana and Terra lost a bit more value in a day, but SOL is still above $100, while LUNA remained north of $90.
CRO is among the most substantial losers, with a 7% daily decline. Nevertheless, the asset still stands above $0.4.
Mostly positive market movements over the past week helped the cumulative market capitalization of all crypto assets hit $2 trillion for the first time in over a month.
