BTC dropped once more, this time from $25,800 to under $25,400, to chart another multi-month low. However, the landscape changed quite unexpectedly in the following hours, as the cryptocurrency went on a tear andDid you like this market update?
This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Despite losing several hundred dollars since then and currently sitting below $27,000, BTC is more than 4% up on the day, and its market cap has topped $520 billion once again. Its dominance over the altcoins is also on the rise to 46.4% after declining to 45.8% yesterday.
Ripple, Dogecoin, Litecoin, Polkadot, and Avalanche are well in the green, with gains of up to 4%. In contrast, Cardano, Polygon, and TRON have declined by 2-3%.The total crypto market cap has recovered roughly $40 billion in a day and is up to $1.120 trillion.