Bitcoin’s price was on a rollercoaster in the past few days, fueled by the excitement in regards to a possible spot ETF approval, but has calmed now at just over $34,000.
The altcoins are mostly in the green, with LINK and APT emerging as today’s top performers.
BTC Finally at €32K
In the course of a few days, a lot may happen in the cryptocurrency markets. About four days ago, over the weekend, the main cryptocurrency was battling it out for the coveted $30,000 line. Although it had some success, it was unable to definitively take that level.
On Monday, it surpassed it by several hundred dollars. But on Tuesday morning, there was the biggest price jump in a while, as BTC shot up more than four thousand dollars in only a few hours to reach $35,200, its highest level in a year and a half.
This coincided with fresh rumors regarding the possible approval of BlackRock’s proposal for a spot Bitcoin ETF and an intermittently active ticker.
Bitcoin finally calmed after this massive rally and has actually lost about €850 since then. Nevertheless, it still trades at above €32,000, following a 20% weekly surge.
Its dominance over the altcoins keeps increasing and is just over 53% now, while its market cap stands still at €550 billion.
LINK’s Rally Continues
With strong price boosts yesterday, the alternative coins followed Bitcoin on its upward trajectory. Over the last 24 hours, Chainlink’s environment has gotten even more favorable. With a daily increase of nearly 12%, LINK has reached a new multi-month high of almost €10.
The other notable riser among the larger-cap alts is Aptos, which is up about 7% and currently trading at €5.5.
Though more subtly, Ripple, Solana, Cardano, Polkadot, Litecoin, Shiba Inu, and Avalanche are also in the green. By comparison, the daily decreases of ETH, BNB, DOGE, MATIC, and Toncoin have been negligible.
Even if the cryptocurrency market value increased by $120 billion in a single day yesterday, it is still very robust at€1,100 trillion.
I’m not a financial advisor
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