Latest news about Bitcoin and all cryptocurrencies. Your daily crypto news habit.
Following the latest dump below $47,000, bitcoin has actually regrouped and added more than $1,000 in value. Nevertheless, some alternative coins continue to outperform BTC, including SOL, with its latest record, and ETH, which pumped by 5% in a day.
Another Day Another SOL Record; ETH Jumps 5%
While most altcoins have been stalling lately, Solana has taken the spotlight all for itself. SOL’s performance in the past few weeks has been nothing short of spectacular.
Consecutive all-time highs and breaking above certain milestones is something the cryptocurrency community has grown accustomed to. The 24 hours didn’t disappoint. After conquering $100 yesterday, it only kept climbing and tapped $120 for the latest record.
Ethereum has also performed well since yesterday as it added more than 6% of value and came close to $3,400.
Polkadot (11%) and Uniswap (6.5%) are also well in the green, while Cardano, Binance Coin, Dogecoin, and Bitcoin Cash have marked minor losses.
Celo is the most significant gainer yet again, with a 70% surge to $7. This comes after a recent announcement about a $100 million adoption initiative spearheaded by the project.
More gains are evident from Arweave (35%), Harmony (45%), Cosmos (25%), Fantom (21%), Kusama (11%), Elrond (11%), and Amp (10%).
Consequently, the cumulative market cap has added around $50 billion in a day and is just shy of $2.1 trillion.
Bitcoin Nears $48K Again
While some of the alternative coins are charting fresh records, the primary cryptocurrency has struggled lately. It failed to remain above $49,000 during the weekend, and the bears took advantage to push it south again.
This resulted in breaking below $48,000 and $47,000 hours ago. In fact, BTC went as low as $46,730 (on Bitstamp) earlier today.
Since then, though, the situation changed to a large extent, and bitcoin spiked by more than $1,000. As a result, it came close to $48,000, but so far has failed to overcome it.
Its market capitalization is still stuck at $900 billion, but the dominance over the altcoins keeps decreasing and is below 43% as of writing these lines.
BTCUSD. Source: TradingView
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.