BTC is now up almost 100% since the start of the year, andseveral key factors yesterday that should be considered before concluding that the bull market has returned.Somewhat expectedly, most alternative coins have followed BTC’s example with massive gains. Ethereum has reclaimed $1,900 after a 3% daily increase. Similar price jumps are seen from Ripple, Dogecoin, Polygon, and Polkadot from the larger-cap alts.
Binance Coin, Cardano, and Litecoin, on the other hand, have all shot up by 5-6%. As a result, BNB trades at $330, ADA is above $0.4, and LTC is close to $100. Solana is the best performer from the larger-cap alts. SOL is up by over 10% in a day and sits at $22.5. All of these price pumps have helped the crypto market cap add roughly $60 billion as of now. As such, the metric stand at a multi-month high of its own at $1,240 trillion on CMC.
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