Bitcoin Taps 3-Week High, Cardano Explodes 17% and Reclaims $1 (Market Watch)

Yesterday’s price drop was temporary as bitcoin surged back to the top and hit a new high of $43,000 for three weeks. Altcoins are also turning green with Cardano and Dogecoin as well as Shiba Inu and NEAR Protocol dominating the stage.

Bitcoin’s new 3-Week Peak

The primary cryptocurrency was at $40,000 less than a week before the event. Many people feared that the asset would fall below this price. But, things quickly changed and BTC launched an impressive boost, reaching $42,000.

The bitcoin price dropped to $41,000 after a brief retracement. However, the bulls rose again and drove bitcoin north. The cryptocurrency briefly crossed $43,000 this time. This was the first time it had done so since March 3.

Yesterday’s report said that bitcoin fell to $42,000 after a retrace. It retreated hours later, and is currently at $43,000. This marks a new peak of three weeks earlier in the day.

Its market capitalization has risen to $820 billion.

BTCUSD. Source: TradingView
DA, SHIB and DOGE, SOL and NEAR See Massive Profits

Altcoins were slightly in red yesterday but today’s landscape is completely different.

Ethereum reached $3,000 two days earlier, but it failed to hold that level and fell below $2900 24 hours later. After a 3% daily rise, Ethereum is now the second-largest digital currency at $3,00.

Minor daily gains have been recorded by Binance Coin, Terra, Avalanche and Polkadot.

Cardano is the top performer among the larger-cap alts. ADA rose by nearly 20% in a single day after Coinbase announced it. It now stands at well over $1.1.

Dogecoin also follows suit, with an 13% increase. This is after Bitcoin of America ATMs provided support for the popular memecoin.

Also, impressive gains were made by Solana (7%), Shiba Inu (7%) and NEAR Protocol (11%).

Crypto market cap has risen by $60 billion from yesterday’s low, and is now close to $2 Trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
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Marla Brooks

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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