Bitcoin Maintains $46K, Terra (LUNA) Soars 9% to New All-Time High (Market Watch)

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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Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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