These Altcoins Lead the Market Recovery as Bitcoin Gains $5K (Market Watch)

CryptoPotato 8 months ago 141

Bitcoin’s adventure below $100,000 didn’t last long as the asset reclaimed that level in the past 12 hours and even spiked to over $103,000 earlier today.

The altcoins have also recovered from the Monday morning crash, with some, such as XRP ($2.41), DOGE ($0.20), and ADA ($0.67), posting notable gains.

BTC ($111,112.00) Eyes $103K

Recall the highly fluctuating price movements that bitcoin encountered last Monday when the asset plunged from $106,000 to under $100,000 in the morning, just to skyrocket by over nine grand in an hour or so to paint a new all-time high above $109,000.

Once Trump’s inauguration finished and he ignored crypto during his speech, BTC slumped once again but maintained the $100,000 level. It remained within six-digit territory by the end of the week and even jumped to $107,000 on Sunday.

Monday, though, began with similar volatility as BTC slumped once again. This time, though, it fell below $100,000 and dropped to a multi-week low of under $98,000, leaving millions in liquidations.

Nevertheless, the bulls stepped up once again and helped the asset recover a big portion of its losses. Earlier today, BTC jumped to $103,000, but it is now slightly below that level.

Its market cap has shot up to over $2 trillion, while its dominance over the alts is just shy of 56% on CG.

Alts Back in Green

The alternative coins plunged a lot harder than BTC yesterday, and most have posted more impressive gains today. XRP leads the pack with a 10% surge that has pushed it to $3.1. Dogecoin, Cardano, Chainlink, Stellar, Sui, and Shiba Inu follow suit, with gains of up to 7%.

Ethereum has neared $3,200 once again, SOL ($192.97) is close to $240, while BNB ($1,176.98) has tapped $675. The biggest gains come from JUP ($0.36) (21%), XDC ($0.06) (16%), HYPE ($37.38) (15%), and KCS ($14.12) (15%).

The total crypto market cap has recovered $140 billion since yesterday and is up to $3.640 trillion on CG.

The post These Altcoins Lead the Market Recovery as Bitcoin Gains $5K (Market Watch) appeared first on CryptoPotato.

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