Bitcoin Tops $44K, Solana Reclaims $100 After 20% Weekly Surge (Market Watch)
Bitcoin continues to chart local peaks by exceeding $44,000 for the first time since the beginning of the month. Most larger-cap altcoins have stalled since the recent gains, with a few exceptions. Ethereum has reclaimed $3,100, while Solana stands above $100.
SOL North of $100; ETH Above $3,100
The alternative coins registered notable price increases in the past few days after stalling during the weekend. Ethereum, for example, struggled below $3,000 for weeks and, even though it neared it on several occasions, was still unable to break above it decisively.
This changed a few days ago when the second-largest digital asset spiked above that level and has remained there ever since. As of the past 24 hours, a 2.3% increase has pushed ETH to over $3,100.
Solana is another impressive performer today. SOL is up by 5% and has jumped above $100 for the first time since March 2nd.
Binance Coin and Polkadot have marked minor daily increases, while Ripple, Cardano, Terra, Avalanche, Dogecoin, and Shiba Inu are in the red. CRO has lost the most value in a day and stands at $0.4 after a 5% decline.
More gains come from Axie Infinity (20%), Qtum (13%), Quant (12%), Convex Finance (10%), and Ethereum Classic (9%).
The crypto market cap has touched the coveted $2 trillion mark after a $30 billion daily increase.
Bitcoin Tops $44K
Bitcoin’s recent performance is also quite positive for the bulls. The asset reclaimed $40,000 less than ten days ago and has remained above that level ever since.
It marked several consecutive three-week highs. The example from yesterday was at just over $43,000. It retraced briefly in the following hours but went back on the offensive shortly after.
This time, BTC tapped $44,000 for the first time since March 2nd, meaning a new local peak. As of now, the cryptocurrency remains around that line.
As such, its market capitalization has increased to $835 billion. Its dominance over the altcoins is around 42%.
OhNoRipple via https://www.ohnocrypto.com/ @Jordan Lyanchev, @Khareem Sudlow