This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:The bulls really stepped on the gas at this point and pushed the asset to above $20,000 and even toearlier today. This meant a full circle for bitcoin from the FTX collapse in roughly two months.
Although BTC has retraced by several hundred dollars since then, it still hovers well above $20,000, and its market capitalization stands close to $400 billion. Its dominance over the alts has exploded in the past 24 hours and is up to 40.8% after being down to 39% last week.The altcoins have also been impressive since the start of the year, and the past 24 hours have only solidified this. Solana, for instance, had dumped below $8 at the end of 2022.
Ethereum skyrocketed to over $1,500 for the first time in months as well. Binance Coin’s 6% daily increase has helped it to overcome $300. Green dominates the entire altcoin landscape, with Dogecoin, Polygon, OKB, Polkadot, Tron, and Uniswap posting gains of up to 11% in a day. Overall, the crypto market cap added $80 billion daily and came inches away from touching the coveted $1 trillion line.