Bitcoin registered an impressive leg up, resulting in nearing $48,000 for the first time since the start of the year. The alternative coins are also well in the green, with impressive daily gains by Solana, Polkadot, Avalanche, Dogecoin, Shiba Inu, and more.
Bitcoin Taps 12 Week High
Bitcoin surpassed $40,000 on March 16 and hasn’t looked back since. After a few close calls, the asset started to gradually recover more round-digit milestones, which eventually led to mining $45,000 a few days ago, as CryptoPotato reported Friday.
The weekend started in a rather calm manner as BTC had retraced slightly but still remained in a range between $44,000 and $45,000.
Sunday was also a relatively slow day, at first, before everything changed. The cryptocurrency soared nearly $3,000 in hours and hit an intraday high of $47,800. Moreover, this became the highest price of the asset since January 2. The massive price increase has also resulted in over $400 million in liquidations.
As of now, BTC has retraced slightly and stands close to $47,000. Nevertheless, its market capitalization has neared the $900 billion mark.
Alts See Green
Most altcoins remained flat over the weekend but, like bitcoin, surged daily.
Ethereum sits above $3,300 for the first time in months as well, as the second-largest cryptocurrency jumped by 5%. Binance Coin is north of $430 after a 3% increase.
Ripple, Cardano, and Terra marked similar price pumps at $0.86, $1.18, and $95. Other gains came from Solana, Polkadot, Avalanche, Dogecoin, Shiba Inu and CRO – all of which rose 6% to 8%.
Further increases are evident from Gnosis (28%), Holo (28%), Filecoin (25%), Zilliqa (18%), EOS (18%), VeChain (18%), ICP (15%), eCash (15%), and others.
Ultimately, the cryptocurrency’s market capitalization soared $120 billion in one day to reach its own multi-month high above $2.1 trillion.
