After a few days of side-trading, bitcoin began to grow impressively and even got close to the $ 60,000 mark. Although it was not defeated, the asset regained some of its recently lost dominance.
At the same time, DOGE fell after Musk’s appearance in the SNL, while ETH and ADA soared to all-time new records.
Bitcoin has come close to $ 60,000
Just two days ago, the bears took control of the original cryptocurrency and pushed its price down to around $ 55,000. Bitcoin, however, managed to reverse the trajectory at this point and began to gradually increase in value.
BTC broke the USD 58,000 mark yesterday and continued the rally after a short pullback. Bitcoin has soared to $ 59,600 in the last 24 hours. It is the highest cryptocurrency rate since the market crash in mid-April.
So far, however, BTC has failed to continue climbing to $ 60,000 and has dropped below $ 59,000. Nevertheless, an increase of around 2% in one day helped the coin regain some of its market capitalization.
The metric comparing the BTC market cap to all altcoins rose to around 45% after yesterday’s drop to 44%.
New records for ETH and ADA
The altcoin market has experienced crazy fluctuations in recent weeks. Ethereum led the way in terms of profits as it launched an amazing raid north.
The second largest cryptocurrency broke the USD 3,000 level less than a week ago, and just a few minutes ago it was short of USD 20 to exceed USD 4,000. Despite the fact that she has not yet broken this post-school barrier, she is another ETH all-time record – $ 3,980.
Cardano also broke another record. This time around, the ADA soared to $ 1.73. Binance Coin has increased by 3.5% to $ 650 in the last 24 hours.
In contrast, DOGE lost the most. The declines came after Elon Musk’s long-awaited SNL appearance. Dogecoin, which appointed the new ATH yesterday, is now losing 25% with a price hovering around $ 0.55.