After several days of stalling and trading around $19,000, bitcoin finally went on the offensive and jumped above $20,000.
Most altcoins have also turned green today, with ETH jumping to almost $1,400. The overall crypto market cap is close to $1 trillion as a result.The price of bitcoin seemed stuck for the past several days, ever since it plummeted to $18,100 following the latest interest rate hike by the US Federal Reserve last week.
It recovered some ground a day later, jumping to a daily high at the time of $19,400. After getting rejected there, bitcoin returned to $19,000 and spent most of the weekend there.as the cryptocurrency fell to just under that line. However, the trend started to change hours ago when it began a run-up, resulting in a price surge of over $1,000 daily.This is all you need not to miss any price action in the raging crypto markets.
Ethereum was among the poorest performers after the Merge, having dropped from $1,600 to under $1,300. Now, though, a 5.5% increase daily has pushed the second-largest crypto to just under $1,400.Despite more modest gains, Binance Coin, Ripple, Cardano, Dogecoin, Shiba Inu, MATIC, and Tron are also in the green.
Uniswap has emerged as the top performer from the mid-cap alts with a massive 15% surge. With LINK, FIL, and XMR well in the green, too, the overall crypto market cap is up by $40 billion in a day to just under $1 trillion.
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