While bitcoin continues to struggle to stay below $48,000, ETH hit a three-month high of $3,400. Solana (SOL) drew another ATH.
After the last eviction below $47,000, bitcoin actually regrouped and added over $1,000 in value. However, some altcoins continue to outperform BTC, including SOL, with its latest record, and ETH, which gained 5% in one day.
Another day, another SOL record; ETH values 5%
Although most altcoins have stagnated lately, Solana has taken the spotlight for himself. SOL’s performance in recent weeks has been spectacular.
Consecutive highs and breaking above certain milestones are something the cryptocurrency community has become accustomed to. The 24 hours did not disappoint. After earning $100 yesterday, he just kept climbing and hit $120 for the last record.
Ethereum has also performed well since yesterday as it added more than 6% of the value and came in close to $3,400.
Polkadot (11%) and Uniswap (6.5%) are also doing well in the green, while Cardano, Binance Coin, Dogecoin and Bitcoin Cash had smaller losses.
Celo is the most significant earner again, with a 70% increase to $7. This comes after a recent announcement of a project-led $100 million adoption initiative.
More gains are evident with Arweave (35%), Harmony (45%), Cosmos (25%), Fantom (21%), Kusama (11%), Elrond (11%) and Amp (10%).
As a result, the cumulative market capitalization has amounted to about $50 billion in one day and is as low as $2.1 trillion.
Bitcoin approaches US$48,000 again
While some of the alternative currencies are registering new registrations, the primary cryptocurrency has been struggling lately. It failed to get above $49,000 over the weekend, and the bears took the opportunity to push it south again.
This resulted in a break below $48,000 and $47,000 hours ago. In fact, the BTC hit $46,730 (on Bitstamp) today.
Since then, however, the situation has changed a great deal, and bitcoin has soared by more than $1,000. As a result, it has come close to $48,000, but so far it has not been able to surpass it.
Its market capitalization is still stagnant at $900 billion, but dominance over altcoins continues to shrink and is down 43 percent at the time of writing these lines.