Most altcoins are also slightly in the green today. Ripple, on the other hand, is this week’s best performer with a massive 60% surge. In the past 24 hours alone, the asset is up by more than 20%.The alternative coins had a few quite turbulent trading days, especially after the US Federal Reserve increased the interest rate by 75 basis points.
Ethereum, which has underperformed since last week’s Merge, dumped to a multi-month low at around $1,200. However, it began recovering value rather rapidly and bounced off to over $1,300. Another 4% increase in the past 24 hours has driven ETH to $1,330 as of now., Solana, Dogecoin, Polkadot, Shiba Inu, MATIC, and Tron are also slightly in the green from the larger-cap alts.This is all you need not to miss any price action in the raging crypto markets.
Nevertheless, the bulls stepped up at that moment and pushed BTC north. Yesterday, it touched $19,000, but it went to $19,500 earlier today. As of now, it has retraced by a few hundred dollars but still stands north of $19,000. Its market capitalization is back beneath $370 billion, and its dominance over the altcoins has taken another hit to 39%.
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