Bitcoin Dominance Rises to 2-Month High as Markets Cool Off Following Massive Gains (Market Watch)

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Crypto Blog

After several days of charting substantial gains and volatile price movements, Bitcoin has finally calmed at just over $62,000.

However, the bulls began a massive rally starting on Monday that resulted in gaining several thousand dollars in hours. By Tuesday, the cryptocurrency hadto almost $60,000. That level was finally breached on Wednesday, and the rally took BTC all the way up to $64,000. , is still well above $1.2 trillion. Its dominance over the alts has risen by 5% since February 27 and now stands at a two-month peak of 50.5% on CoinGecko.The alternative coins skyrocketed as well in the past few days. Ethereum led the charge with gains that took it to well over $3,400. Although it still trades above that line, ETH is now 1% down on the day. So are BNB, XRP, ADA, TRX, and LINK.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Dominance on the Rise as BTC Price Eyes $47K (Market Watch)Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Consumer sentiment rises to 31-month high on slowing inflation and strong job marketAmericans are more optimistic at the start of 2024
Source: MarketWatch - 🏆 3. / 97 Read more »