This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Although it retraced slightly at first, the asset initiated another leg up minutes ago and skyrocketed to just under $21,000 for the first time since the mid-September crash. Nevertheless, Arthur Hayes had someBTC’s market cap has neared $400 billion once more, while its dominance over the alts has declined slightly to 39.7%.
Ethereum has been among the poorest performers ever since the long-anticipated Merge took place. The sell-the-news event pushed ETH from over $1,600 to $1,300, where the asset calmed and stood for weeks. However, ETH has skyrocketed to a multi-week high of $1,550 as of now, following a 15% daily surge. Similar double-digit increases are also evident from Cardano, Solana, Dogecoin, and Polkadot from the larger-cap alts.
Albeit with more minor gains, Binance Coin, Ripple, MATIC, Shiba Inu, and Avalanche are also well in the green. Most lower- and mid-cap alts are with massive gains as well, which has helped the crypto market cap top $1 trillion for the first time in October.