Top Performing Altcoins as Bitcoin (BTC) Reaches 12-Day Peak (Market Watch)

Details:

- Bitcoin experienced a strong recovery after recent setbacks, reaching a 12-day high above $65,000.

- The crypto market cap has increased by nearly $100 billion in a single day.

- Several altcoins have seen even more significant gains, with TON, SOL, and AVAX standing out among larger caps.

- Bitcoin hit a low of $56,500 at the start of May due to growing ETF outflows and US Fed concerns, but it quickly recovered over the weekend, reaching $64,000 and climbing further.

- Altcoins have outperformed Bitcoin in some instances, with gains seen in SOL (6%), TON (9%), and AVAX (7%).

- Ethereum increased by 3%, surpassing $3,200, while BNB reached $600. Other major alts like XRP, DOGE, ADA, SHIB, and BCH also performed well.

- More notable gains were seen in LINK, NEAR, MATIC, HBAR, IXP, APT, RNDR, and other altcoins.

- The total crypto market cap reached $2.55 trillion, marking an increase of almost $100 billion from the previous day.

- The market shows strong momentum, with various assets making significant progress and attracting investor interest.