After a few days of consecutive price gains, bitcoin retraced slightly and calmed around $47,000. Most altcoins have also stalled since yesterday, with a few exceptions. Waves is among those with an 11% daily increase and 70% weekly jump.
Bitcoin remains above $47,000
It is safe to say that the last few days have been pretty good for the main cryptocurrency. It all started on March 25 when the asset fell below $44,000 but quickly reversed its course.
In the following hours, it added nearly $2,000 of value and spiked above $45,000 for the first time in weeks. It couldn’t maintain that level and retraced shortly after but went back on the offensive on March 28, as CryptoPotato reported.
This time, the asset broke decisively above $45,000 and continued to climb to an intraday high of just under $48,000. The next day, it briefly broke above that level to mark its highest price since January 2.
Since then, BTC started retracing and even dipped to $46,500 hours ago. Nevertheless, it trades around $1,000 higher now, and its market cap stands at $900 billion.
The waves are rising every week
Altcoins have also seen impressive gains over the past few days. Ethereum broke above $3,000 last week and continued to climb to mark its own multi-month highs. It even went north of $3,400 yesterday, but is back to that particular level as of now.
Binance Coin stands above $435 after another minor daily increase. Most other larger-cap alts are slightly in the red today. These include Ripple, Cardano, Polkadot, Dogecoin, Shiba Inu, CRO, Polkadot, and MATIC.
Terra, which hit a new all-time high yesterday, is in the green today, trading around its peak.
NEAR Protocol has soared by 9% in the past 24 hours and now stands close to $15. Waves is among the best performers in the past week or so with a 70% surge. On a daily scale, WAVES is up by over 10%.
The crypto market cap is still over $2.1 trillion.
