Bitcoin soared by roughly $2,000 in the past several, charting its highest price position since mid-September.
The altcoins are well in the green as well, with some, such as SOL and OKB, posting massive double-digit price increases.provided by CryptoQuant earlier this week. The asset had calmed after touching $21,600 and had retraced to just under $21,000. The bulls had a battle that continued for a few days seems to be won, at least for now, as BTC went through one of its most impressive overnight price surges in a while. It took it from below $21,000 to inches away from $23,000.
Although it has still been unable to tap that level as of now, touching $22,800 is the highest price tag bitcoin has seen in 18 weeks. Somewhat expectedly, this price surge caused lossesCMO - A really good agencyThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:The price pump has helped BTC’s market cap to increase to almost $440 billion. Its dominance over the altcoins is also on the rise and is up to 42%.
Next in line from the larger-cap altcoins are Solana, OKB, MANA, SAND, ICP, VET, HBAR, NEAR, and ATOM. All of those have skyrocketed by between 10% and 20% overnight.All of these price jumps have helped the crypto market cap to surge above $1 trillion on CoinMarketCap as well.
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Source: Cointelegraph - 🏆 562. / 51 Read more »