After days of increased volatility in the past few days, BTC has consolidated around $ 64,000 and most other coins have remained choppy for the past 24 hours, with Avalanche being the biggest exception as it rebounded and hit new highs at $ 100. Last week went well for the major cryptocurrency as it rebounded from its decline to $ 60,000 and continued to break new records. It tried cracking $ 67,000 and did it again a day later, with the latest ATH standing at $ 69,000.
He couldn’t get any further north and fell $ 6,000 and dropped below $ 63,000 in one day.
The asset initially rebounded, rebounding from $ 65,000 before the price fell, taking it to a new low of $ 62,000. BTC bounced back some ground, hitting $ 65,000 a few hours ago but was unable to sustain it here, and further declined from hundreds of dollars to just over $ 64,000.
Bitcoin’s market cap has again topped $ 1.2 trillion while altcoin dominance is 43% and most of the other altcoins are still left. Ethereum lost a small fraction of its value, falling below $ 4,600, and Ripple and Cardano saw similar price drops, both trading at $ 1.18 and $ 2.03, respectively.
Binance Coin rose 2% to $ 640 and Polkadot hit $ 46, up 2.3 percent over the Shiba Inu token, which brought the meme to $ 0.000053. Terra, DOGE, SOL each mark an increase of about 4% more and the result is SOL at $ 235, DOGE at $ 0.27 and LUNA at around $ 51. Avalanche has risen the most from higher cap altcoins, with an 11% gain over AVAX, meaning a new ATH is set for the token at $ 100. KuCoin is up 13% and Loopring is up 11%. Decentraland, Mina and LEO lose similar percentages in one day. The market capitalization of cryptocurrencies is at a familiar level compared to yesterday’s price range of around $ 2,950 trillion.
We recently saw total crypto market cap break records as both ETH and BTC made new highs, with ADA up 12% in the past 24 hours. Bitcoin managed to hit a new low of $ 67,000 and hit a new high of $ 69,000 in less than three weeks, and Ethereum followed suit and hit a new high at the same time. Cardano hit a new high as it rose 12% overnight. Three days ago, the main cryptocurrency was struggling with around $ 60,000 and the community wondered if it would stay above that level for much longer. A lot could change in the markets over the next few days as instead of falling below $ 60,000, BTC attacked and began to rise rapidly.