After days of trading sideways below the $26,000 mark, bitcoin has finally made a move and has pumped above that line.
Most altcoins are also slightly in the green, with SOL and CRO adding the most value from the larger-cap ones.
BTC Above $26K
After last week’s enhanced volatility that saw pumps and dumps worth over $2,000 in days, the primary cryptocurrency settled below $26,000 by Friday. The weekend was expectedly uneventful, with little to no actual price movements.
The start of the business week didn’t bring any fireworks either, with BTC trading in a tight range between $25,600 and $26,000. A bit more volatility came on Wednesday when BTC slipped to $25,400 and pushed toward $26,000 almost immediately after.
However, it failed to reclaim that level and went back down again. The past 24 hours brought a new attempt from the bears, which has been more successful for now. Bitcoin jumped to a multi-day peak at $26,400 earlier today, and trades above $26,00 as of now as well, despite losing some ground.
Its market cap has increased to $510 billion, while its dominance over the alts has risen by 0.3% to 48.5% on CMC.
At the same time, Glassnode informed that a certain cohort of investors, those holding 10 or more BTC, have reached a new all-time high.
Addresses Holding 10+ BTC. Source: Glassnode## Alts’ Relief
Most alternative coins are also slightly in the green on a daily scale. ETH and BNB are up by just under 1% and trade at $1,650 and $217, respectively.
Similar gains are evident from Cardano, Dogecoin, Tron, Polkadot, Shiba Inu, and Litecoin. Solana and Ripple are up by around 1.5%. CRO has gained the most from the top 36 alts, having surged by over 3%.
XDC Network’s native token has emerged as the top performer from the top 100 crypto assets, with a 6% increase, followed by Render (4%).
In total, the crypto market cap has added a few billion in a day and has reclaimed the $1.050 trillion level.
Cryptocurrency Market Overview. Source: Quantify Crypto
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