Bitcoin is now at $46,000, but altcoins are gaining impressively and reducing its dominance. Terra was one of those altcoins that saw LUNA rise by nearly 10% in a single day, and hit a new record at $120.
Terra’s latest ATH
Altcoins that experienced increased volatility a few days ago went on the offensive yesterday and are now stuck today.
Ethereum dropped to $3,300, before rising to just above $3,500 yesterday. This was the highest price it has seen in three months. The second-largest cryptocurrency has settled around $3,500 as of right now.
Terra is the largest gainer of the top 10 coins, with a 9% rise. LUNA reached a new all time high, just days after its previous record. CoinGecko reports that the new peak is just shy of $120.
Cosmos and NEAR Protocol have seen significant price increases on an almost daily basis. NEAR trades at $17 while ATOM trades at $32.
Binance Coin, Solana and Ripple have shown more modest price movements than Solana, Ripple Cardano, Avalanche Polkadot Dogecoin, Shiba Inu.
Moonbeam is the most popular top 100 coin with a 24% pump. Next are Convex Finance and Helium, Secret, Convex Finance and Secret.
Today’s crypto market cap increased by $30 billion and now stands at $2.160 trillion.
Cryptocurrency Market Overview. Source: Quantify Crypto
Bitcoin Chills at $46K
Bitcoin saw a dramatic price drop at the close of the week, dropping from $47500 to a multiday low of just under $44,000.
The bulls reacted quickly and drove the asset up almost instantly. BTC soared to $47,000 just hours later, but it failed to hold that level and was retraced by about a thousand dollars.
The cryptocurrency currently has $46,400 and has gained some value. Its market capitalization is still below $900 billion. However, its dominance over altcoins has been lowered to less than 41% thanks to some of their gains.
BTCUSD. Source: TradingView
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