Following yesterday’s minor price slides, most of the cryptocurrency market is in the green today. This includes a slight increase from bitcoin to above $47,000 and more impressive gains from Polkadot and Avalanche.
Bitcoin Stands Above $47K
As 2021 was coming close to its end, bitcoin seemed stuck around $47,000, but a sudden price pump drove it to above $48,500, as CryptoPotato reported on December 31st.
However, the landscape changed quite quickly in the following hours. Instead of charting more gains, BTC reversed its trajectory and dumped by $3,000. This culminated in a drop to well beneath $46,000, which became the lowest price tag in 11 days.
Nevertheless, bitcoin started to reclaim some of its lost value in the past 24 hours. The bulls added over $1,000 within this timeframe, and BTC now stands well above $47,000 following a minor 24-hour increase. Consequently, the asset’s market capitalization is now at just under $900 billion.
Alts in Green with DOT and AVAX Surging
Most larger-cap altcoins have mimicked BTC’s performance lately, and the past 24 hours are no exception. Ethereum is just slightly up on a daily scale, and the second-largest crypto is still unable to reclaim $3,800.
Binance Coin is up by 1.5% and trades above $520. Similar gains are evident from Solana, Ripple, Terra, Dogecoin, Cardano, and Shiba Inu.
The two best performers from the larger-cap alts since yesterday are Polkadot and Avalanche. DOT has increased by nearly 6% and stands at almost $30, while AVAX has jumped by 5.5% and sits at $116.
More gains come from Revain (17%), Harmony (12%), ICP (12%), Curve DAO Token (11%), YFI (10%), and Fantom (10%).
The crypto market cap is up by around $40 billion in a day to approximately $2.250 trillion.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 25% off trading fees.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
Credit: Source link
