Bitcoin Soars Above $20K, Recording 12-Day High (Market Watch)

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

The crypto market capitalization has neared $1 trillion as BTC, ETH, and most other altcoins are well in the green.

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.

 

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 US

United States United States Latest News, United States United States Headlines

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

LINK Jumps 5%: BTC Awaits its Next Move at $19K (Market Watch)Chainlink is among the very few cryptocurrencies with notable gains today, while BTC is still flat at $19,000.
Source: Crypto_Potato - 🏆 568. / 51 Read more »