Following yesterday’s minor price slides, most of the cryptocurrency market is in the green today. This includes a slight increase from bitcoin to above $47,000 and more impressive gains from Polkadot and Avalanche.As 2021 was coming close to its end, bitcoin seemed stuck around $47,000, but a sudden price pump drove it to above $48,500, asHowever, the landscape changed quite quickly in the following hours. Instead of charting more gains, BTC reversed its trajectory andby $3,000.
Nevertheless, bitcoin started to reclaim some of its lost value in the past 24 hours. The bulls added over $1,000 within this timeframe, and BTC now stands well above $47,000 following a minor 24-hour increase. Consequently, the asset’s market capitalization is now at just under $900 billion.Most larger-cap altcoins have mimicked BTC’s performance lately, and the past 24 hours are no exception.
The two best performers from the larger-cap alts since yesterday are Polkadot and Avalanche. DOT has increased by nearly 6% and stands at almost $30, while AVAX has jumped by 5.5% and sits at $116.The crypto market cap is up by around $40 billion in a day to approximately $2.250 trillion.