Bitcoin’s price initiated another leg up in the late hours of Saturday and jumped to its highest level in over a year and a half at almost ,000. Ethereum and Chainlink are among the best-performing larger-cap alts on a daily scale, with ETH standing above ,150 and LINK trading north of . BTC Neared K It was less than a week ago – on Monday and Tuesday – when the primary cryptocurrency’s price performance was quite sluggish and underwhelming. The asset had dipped below ,000 on a few occasions at that point, but then the bulls came out to play. They pushed BTC north hard and it had added more than a grand within a day. After failing to overcome the ,000 mark on its first attempt and trading below it mid-week, the cryptocurrency went on the offensive once
Topics:
Jordan Lyanchev considers the following as important: featured1, Market Updates, social
This could be interesting, too:
Chayanika Deka writes Everything You Need to Know About Avalanche9000 Network Upgrade with Etna on Mainnet
Jordan Lyanchev writes Bitcoin, Ethereum ETF Streak Continues With Massive Net Inflows: Weekly Recap
Jordan Lyanchev writes Bitcoin Stopped at 3K but These Altcoins Post Substantial Losses (Weekend Watch)
George Georgiev writes Bitcoin Battles for 0K, Christmas Rally Incoming? (Your Weekly Crypto Recap)
Bitcoin’s price initiated another leg up in the late hours of Saturday and jumped to its highest level in over a year and a half at almost $40,000.
Ethereum and Chainlink are among the best-performing larger-cap alts on a daily scale, with ETH standing above $2,150 and LINK trading north of $16.
BTC Neared $40K
It was less than a week ago – on Monday and Tuesday – when the primary cryptocurrency’s price performance was quite sluggish and underwhelming. The asset had dipped below $37,000 on a few occasions at that point, but then the bulls came out to play.
They pushed BTC north hard and it had added more than a grand within a day. After failing to overcome the $38,000 mark on its first attempt and trading below it mid-week, the cryptocurrency went on the offensive once more at the end of it.
This time, the bulls were more persistent and drove bitcoin to nearly $39,000 on Friday. Saturday started on a calmer note, but BTC spiked by another grand in the late hours and to just under $40,000 on several exchanges, leaving millions in liquidations.
As of now, bitcoin trades around $500 away from the $40,000 level. Its market capitalization has risen to over $770 billion, while its dominance over the alts stands still at 52%.
LINK Keeps Pumping, ETH Follows
Chainlink was the top-performing larger-cap altcoin yesterday, with a surge past $15 following a 7% daily increase. LINK has continued its run in the past 24 hours, albeit in a more modest fashion. The asset is up by 2.5% and trades above $16 now.
Ethereum is the other notable gainer from the larger caps. ETH has jumped by 3% and sits above $2,150. XRP, SOL, ADA, DOGE, TON, and DOT are slightly in the green, while BNB, TRX, and AVAX have posted insignificant losses on a daily scale.
The weekly scale is quite different, though. Two of the Terra ecosystem tokens – USTC and LUNC – have skyrocketed by triple digits. In the case of USTC, the surge is by 272%.
The total crypto market cap has added around $20 billion overnight and stands close to $1.5 trillion on CMC.
