Bitcoin’s price charted a 19-day peak at well above $27,000, but the asset is yet to decisively reclaim that level.

Almost all altcoins are in the green today, and the total crypto market cap has recovered over $70 billion since last Monday’s crash.

BTC’s Attempt at $27K

The primary cryptocurrency crashed hard last Monday when it fell to a two-month low at just under $25,000. However, it managed to recover all losses almost immediately and pumped above $26,000 amid news of another filing for a spot BTC ETF from a traditional financial giant.

It kept climbing during the business week and pumped to $26,900 on Saturday. However, it failed to breach that level at first and retraced on Sunday by several hundred dollars. Monday started in a similar fashion, and it wasn’t until the afternoon that BTC went higher.

This culminated in a price surge to $27,400 later that day, which became its highest price tag in over two weeks. However, BTC lost almost all momentum in the following hours and now sits at around $27,000.

Its market capitalization has surged past $525 billion, while its dominance stands strong at 49.1% on CMC.

BTCUSD. Source: TradingView

Alts See Green

Most alternative coins also pumped more yesterday but couldn’t maintain the notable increases. Nevertheless, green still dominates the charts.

Ethereum, Binance Coin, Dogecoin, Tron, and Shiba Inu are up by about 1%. Cardano, TONCOIN, and Polygon have added around 1-2%, while Ripple, Litecoin, Chainlink, and Solana have jumped by more than 2% and even over 4% in the case of SOL.

Even more gains come from the likes of XEC, GMX, and Stacks. In fact, XEC is today’s top performer, having surged by 15%.

The total crypto market cap has added a few billion overnight as well and now sits well above $1.070 trillion after dumping to $1 trillion last Monday.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto
SPECIAL OFFER (Sponsored)

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 CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

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.

Jordan Lyanchev

Source link

You May Also Like

Bitcoin Price Up 220,000% Since Dorsey Called It 'Amazing' at $11

Eleven years ago today, Block CEO Jack Dorsey made what appear to…

Kraken is investigating erroneous transactions  – crypto.news

Kraken, a popular crypto and derivative exchange, announced journalists are collecting all…

CoinEx Looks Forward to Celebrating RLWC2021’s Finalists

PRESS RELEASE. As the exclusive cryptocurrency trading platform partner of the Rugby…

Britanniacoin’s Official Pre-Release: Introducing Unique Vision for the Future

[PRESS RELEASE – London, United Kingdom, July 8th, 2023] Aptius Ltd, a…