After several days of trading sideways around $51,000 and $52,000, Bitcoin’s price exploded yesterday and earlier today to a new 26-month peak of just over $57,000.The primary cryptocurrency had a quiet seven-day period last week when its price mainly stood at around $52,000, aside from a few brief spikes toward $53,000 and severalto over $53,500. That was just the start as the bulls began another run-up that resulted in soaring to $55,000 later on.
Ethereum continues its bull run, and another 7% increase has pushed it to $3,250. SOL has reclaimed the $110 level after a 9% daily surge. XRP, ADA, Avalanche, Polkadot, Chainlink, and Polygon have soared by 5-8%. Dogecoin has taken the main stage with a massive 12% surge to almost $0.1.With most lower- and mid-cap alts trading well in the green, the total crypto market cap has soared by $140 billion on CoinGecko to $2.250 trillion as of now.
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