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BTC Taps $20K, ETH Soars 16% Daily and Reclaims $1K (Market Watch)

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The crypto markets have finally seen some relief, with bitcoin jumping above $20,000 and ether reclaiming $1,000.

The alternative coins suffered just as badly as bitcoin in the past several days, but the landscape has changed, at least for now.

Ethereum had lost more than 50% of its value in about a week at one point as it went to $900 for the first time in over a year. Now, though, ETH is among the most substantial daily gainers and has soared by 16% to just over $1,100. BNB dipped below $200 during the weekend, but a 9% daily increase has pushed it to $210 as of writing these lines.Although displaying more modest increases, ADA, XRP, DOT, DOGE, LEO, and SHIB are well in the green on a 24-hour scale, too.Consequently, the cumulative market cap of all crypto assets has recovered $60 billion in a day and is close to $900 billion.

 

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