Ethereum continues its impressive recovery since the weekend’s crash, adding 25% of the value in three days. On the other hand, the BTC is calm around $35,000.
After the increase in volatility in recent days, in which the BTC exhibited several movements of thousands of dollars, the cryptocurrency has calmed down around US$ 35,000. Some altcoins posted more significant gains, with ETH returning to $2,100 and DOT growing 6%.
ETH above $2,100; DOT wins back $16
Altcoins mimicked BTC’s performance in recent days, with adverse price movements on Saturday and rally sessions on Sunday and Monday.
Ethereum was an excellent example of this, as it dropped to just over $1,700 at the start of the weekend. However, the second largest cryptocurrency by market value began to gain traction quickly and has added more than $400 in value since then. As a result, ETH hit a weekly high of about $2,175 earlier today.
Although Binance Coin, Cardano and Dogecoin have stagnated or declined slightly over the past 24 hours, the rest of the higher alts are in green.
Ripple (2%), Uniswap (3%), Litecoin (4%), Solana (3%) and Chainlink (2.5%) posted the lowest gains, while Polkadot and Bitcoin Cash added the highest value.
DOT rose 6% to reach US$16, while BCH rose 9% to surpass US$520.
Compound posted more gains in one day after increasing 20% to $320. Bitcoin SV, after news that Craig Wright won a legal case in the cryptosphere, appreciated 19% to $160.
Elrond (17%), Kusama (17%), Aave (13%), ETC (13%), Cosmos (11%), NEM (11%), XDC (11%) and Zilliqa (10%) are all above two-digit.
The market capitalization of cryptography also continues to recover and is now well over $1.4 trillion.
Bitcoin calms down around $35K
The BTC led the push south over the weekend as it dropped to just $30,000. Bulls have intensified at this time, however, and have not allowed a dip below the coveted level twice a week.
Instead, the asset began to recover part of its lost value. Ultimately, BTC added over $5,000 in a few days and broke over $35,000 yesterday.
However, the bears still hadn’t given up and pushed south to around $34,000. However, bitcoin rebounded and jumped to a high of $35,500 in four days, before calming down to around $35,000 again.
Its market capitalization is still around $650 billion, while its dominance has lost ground and fallen to 46 percent.