Despite the recent volatility, bitcoin has managed to sustain above the coveted $20,000 line. Most altcoins are also slightly in the green today, with ETH spiking towards a near 10-day high at $1,200.
Bitcoin Holds Above $20,000
Last week ended on a very volatile note in which bitcoin soared from over $2,000 within minutes to just under $21,000. However, this turned out to be a fake breakout as the cryptocurrency retraced just as quickly.
Following such enhanced price fluctuations, the asset calmed at around $19,000 when the weekend came, and given the fact that July 4 was the national US holiday, not much happened in terms of price action on Monday either.
The landscape changed on Tuesday when BTC reached and exceeded $20,000 before experiencing another roller coaster, in which it fell to $19,250 and climbed back up to $20,600.
Following another retracement to sub-$20K levels, bitcoin jumped back above that line and remains there as of now. As such, its market cap is close to $400 billion, while the dominance over the alts sits tight at 42.4%.
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ETH sees a local spike
Most altcoins have also seen similar price movements lately, but are slightly in the green on a daily scale.
Ethereum stands tall with a 3% increase since yesterday. Moreover, the second-largest asset jumped to just over $1,200 hours ago, which became a 9-day high. As of now, though, ETH trades just under that level.
BNB, Ripple, Cardano, Solana, Dogecoin, Polkadot, Shiba Inu and Avalanche recorded insignificant daily increases. TRON, on the other hand, is slightly in the red.
Most lower- and mid-cap altcoins are also quite still on a daily scale. As a result, the overall market cap of all crypto assets stands calm at just over $900 billion.
