After failing to overcome the $70,000 level on Monday, bitcoin went on the offensive in the past several hours and soared past it and tapped a multi-week peak of over $71,250.
The altcoins have also turned green, with massive gains from the likes of Binance Coin, Toncoin, Shiba Inu, Uniswap, and others.The price fluctuations at the end of last week couldn’t foresee what was going to happen at the start of the current one. At the time, BTC was stopped at $69,000 and pushed violently south to $66,600. The bulls managed to recover some ground during the weekend, and bitcoin stood at just under $68,000.
The landscape started to change on Monday when the cryptocurrency jumped to just over $70,000 but was once again stopped in its tracks and However, the bulls were quite persistent this time and propelled another rally on Tuesday evening and Wednesday morning that saw BTC skyrocket to its highest price level in over two weeks of $71,300. This came amidThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:As of now, BTC stands inches above $70,000, and its market cap is $1.4 trillion. Its dominance over the alts stands at the same spot at 50.4% on CG.
The other impressive gainers include Toncoin , Shiba Inu , NEAR , UNI , WIF , and CRO .The total crypto market cap added roughly $80 billion in one day and now sits close to $2.8 trillion on CG.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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