Bitcoin Surpasses $40K Following Massive Volatility, Markets Add $80B Overnight (Market Watch)

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The crypto market has turned green today as bitcoin soared above $40,000 and most altcoins charted impressive gains.

Bitcoin reminded of its enhanced price fluctuations with a roller-coaster movement but has since reclaimed $40,000. Most altcoins are well in the green on a daily scale, with Ethereum charging towards $2,700.Aside from a few brief movements up and down, the past several days were quite calm for bitcoin as itThe asset traded close to the aforementioned level before it suddenly skyrocketed by nearly $3,000 to almost $42,000.

Solana, Polkadot, and Avalanche have displayed similar increases and trade at $83, $18, and $80, respectively. Binance Coin, Ripple, Cardano, Dogecoin, and Shiba Inu have seen more modest gains but are still in the green. From the lower- and mid-cap altcoins, Fantom and EGLD are among the best performers with double-digit jumps.

The crypto market cap is up by around $80 billion in a day and is close to $1.8 trillion after slipping beneath $1.7 trillion.

 

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