The crypto market cap has increased by about $100 billion in a single day, as bitcoin has reached $66,000 and ETH has surpassed $4,700
After a few days of negative price movements, Bitcoin has finally gone on the attack and challenged $66,000. The majority of cryptocurrencies are also marginally higher, with Ethereum regaining $4,700 and SOL trading above $240.
$66K in Bitcoin Eyes
The BTC picture has been bleak since last week’s record of $69,000. The cryptocurrency was unable to maintain its upward trend and lost nearly $7,000 over the next few days. This culminated in a weekend slide to a weekly low of little over $62,000.
On Sunday, Bitcoin made a brief comeback, reaching $65,000, before the bears pulled it lower, this time to $63,500.
This is when the scene changed once more, as the value of BTC began to rapidly increase. It increased by many thousand dollars in hours and even exceeded $66,000 where it is now.
BTC’s market valuation has climbed to $1.250 trillion, while its dominance among altcoins has remained unchanged at slightly over 43%.
CRO explodes by 25%, ETH Above $4.7KÂ
In recent days, other cryptocurrencies have also suffered, with Ethereum falling below $4,500. However, on a 24-hour timeframe, the second-largest cryptocurrency has gained more than 3% and is currently trading at $4,700.
The rise in Solana is similar, with SOL presently trading above $240. Avalanche, Ripple, Binance Coin, Cardano, Shiba Inu, and Avalanche are all marginally higher.
Litecoin has risen above $270 after gaining more than 9% in value in a single day. With a stunning 25% increase to $0.50, CRO has gained the most from the top 20 coins. Dogecoin, on the other hand, is down 2.4 percent, while Terra is unchanged.
WAX (34 percent), Ankr (20 percent), TRON (13 percent), KuCoin Token (11 percent), VeChain (11 percent), and Telcoin (11 percent) also saw price increases (10 percent ).
As a result, on CoinGecko, the cryptocurrency market capitalization has recovered about $100 billion in a day and has surpassed $3 trillion.
