Bitcoin continues with its rather calm performance in the past few days and stands above $47,000. While most altcoins are also stagnant, others, such as Solana and Avalanche, have marked substantial gains on a daily scale.
SOL and AVAX open the alternative way
Ethereum is among the calm altcoins with a minor daily increase that helped the second-largest cryptocurrency recover $3,400. It should be noted that ETH struggled below $3,000 just over a week ago, but since breaking above that level it has not looked back.
Binance Coin is also slightly in the green now and sits at $445. Ripple, Cardano, Polkadot, Dogecoin, Shiba Inu, and CRO have produced minor price appreciations.
Although Terra is also up less than 2% on a daily scale, the asset has actually hit a new all-time high – just under $110.
Avalanche and Solana are the most impressive performers from the larger-cap alts. AVAX is up by 8% and sits at $100, while SOL soared by 10% and trades north of $120.
Top of Form
Further gains are evident for small and mid cap alts including IOST (42%), Zilliqa (25%), Theta Fuel (16%), IoTeX (13%), TRON (11%) and Enjin Coin ( 11%). %).
The crypto market cap is up by around $30 billion since yesterday and sits at $2.150 trillion.
Bitcoin Spreads at $47,000
The major cryptocurrency saw one of its largest price surges in recent months on Monday, rising from $45,000 to over $48,000 in hours. This happened after weeks of not being able to go above $45,000.
Briefly exceeding $48,000 meant charting its highest price level since January 2 this year. Since then, though, the asset fell by a few hundred dollars and has been unable to remain above $48,000.
On the contrary, it even fell below $47,000 twice in the last two days. Currently, BTC is trading above this level, but its market capitalization has slipped to just under $900 billion.
