Despite failing to break its March 2024 all-time high of $73,740, bitcoin still stands tall, close to that level, and its dominance over the altcoins has soared to a new multi-year peak.The primary cryptocurrency’s most recent rally started on Friday evening when it dumped to $65,500 after some Tether FUD. The bulls quickly resumed control of the market, though, and BTC found itself trading at $67,000 during the entire weekend.
The actual gains started as the business week began, and bitcoin climbed to $69,000 on Monday. It even broke above $70,000 and $71,000 on Tuesday. The bulls’ efforts continued the following day, and BTC spiked to $73,600 on Wednesday morning, which became its highest price tag since the all-time high charted in March.from breaking into uncharted territory, the cryptocurrency fell back slightly.
Ripple, Dogecoin, Cardano, and Toncoin are also slightly in the red. Even more substantial losses come from the likes of TIA, ENA, STX, and RUNE, with drops of up to 8%. The total crypto market cap has shed about $20 billion since yesterday and is down to $2.530 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. See Disclaimer for more information.
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