This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Nevertheless, BTC reacted rather positively to this drop. In the hours that followed, it has added more than $1,000 and currently sits at around $19,500. Its market cap stands at $375 billion, while its dominance over the altcoins has taken a breather and is close to 40%.
After the Merge took place last Thursday, Ethereum’s price headed south violently and dumped by over $300 in days. As a result, ETHto a multi-month low of under $1,300 yesterday. Now, though, a 6% daily increase has pushed the second-largest crypto to almost $1,400. Binance Coin also dropped hard, but a similar daily increase has driven it now to north of $270. Cardano, Solana, Dogecoin, Polkadot, Shiba Inu, Polygon, and Avalanche are also well in the green from the larger-cap alts.
Ripple is today’s best performer following the latest developments in its case against the SEC. XRP is up by more than 10% and trades closely to $0.4. The lower- and mid-cap alts have seen notable price increases as well, leading to a $40 billion rise in the overall crypto market cap. Nevertheless, the metric is still quite a long way away from the coveted $1 trillion mark.
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