Bitcoin continued to trade around the $47,000 line in the past 24 hours after it dropped to a weekly low beneath $46,400. Most altcoins have stalled since yesterday, except for Solana. SOL has gone on to chart another all-time high above $83 after a double-digit surge.
SOL’s Latest ATH
The alternative coins, similarly to their leader, lost significant chunks of value in the past few days. Ethereum, for example, went from about $3,360 to beneath $3,100. As of now, it has recovered some ground and currently stands above $3,100.
Cardano, which painted consecutive all-time highs recently and surpassed BTC in terms of Twitter mentions, also corrected considerably. It’s slightly in the green since yesterday and sits at $2.6.
Binance Coin, Ripple, and Dogecoin have charted minor losses once again, while Polkadot and Uniswap are slightly in the green.
LUNA has surged by 9% and has neared $30. Nevertheless, Solana has stolen the show once more and has skyrocketed by more than 20% in a day. As a result, SOL resumed its recent bull run and charted yet another all-time high hours ago.
Alicia BakeryCMO – A really good agency
Did you like this market update?
This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
Invalid email address Your privacy is guranteed.Thanks for subscribing, you will get your first report in the next hours!
Cryptocurrency Market Overview. Source: Quantify Crypto
Arweave is another significant gainer with an 18% increase in a day. In contrast, Decentraland, Dash, and XinFin Network have all lost about 7% of value since yesterday.
Despite the fluctuations, the market capitalization has remained just over $2 trillion.
Bitcoin Taps $47K Again
The primary cryptocurrency also dipped in the past few days. It reached a multi-month high above $50,000 on Monday and even stood north of that level for a while.
However, the bears didn’t allow any further increases. Just the opposite, they put pressure on the asset, and BTC started to dump rather rapidly. In a matter of hours, it lost the $50,000 mark, kept nosediving to a daily low of $46,300 (on Bitstamp).
Since then, it has reclaimed some ground and mainly stood around $47,000. As of now, it has reclaimed that level and trades above it.
Nevertheless, bitcoin’s market capitalization is still below $900 billion, but its dominance over the alts has increased slightly to just over 44%.
BTCUSD. Source: TradingView
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Tags: Bitcoin (BTC) Price Solana (SOL) Price