đ¶đ¶Bitcoin went through a massive rollercoaster yesterday by surging to a multi-month peak of $68,000, dumping by several grand before calming at around $67,000.
Litecoin and Dogecoin have popped up as todayâs top performers from the larger-cap alts, both jumping by around 6%.BTCâs Peak, Retracement, Calmness. đ„đ„
It was just last Thursday when the cryptocurrency landscape was quite dire, with BTC dumping hard to a monthly low of under $59,000. However, the bulls managed to intercept the move and helped the asset recover almost all losses by the weekend.
As such, bitcoin stood around $63,000 on Saturday and Sunday butwent on the offensive hardon Monday and Tuesday. This culminated yesterday with a pricesurgeto $68,000, which left over $250 million in liquidations.đ„°đ„°
However, the aset failed to maintain its run at first and was pushed south by about three grand within minutes. Nevertheless,âïžâïž the bulls prevailed once again, and BTC currently trades above $67,000, being 2% up in the past 24 hours.
đđThis rally, which is likely fueled by thegrowing demandfor the spot ETFs, has pushed bitcoinâs market cap to nearly $1.330 trillion. Its dominance over the alts has also soared to 55%, according to CG data.DOGE, LTC Jump.
Most altcoins charted impressive gains yesterday and were also on BTCâs rollercoaster. Looking at a 24-hour scale, though, the landscape is a lot calmer.â â
Ethereum, Binance Coin, Solana, Ripple, and Tron are all with either insignificant gains or minor losses. However, DOGE has shot up by more than 6% within the same timeframe and now trades above $0.124.đ„°đ„°
Litecoinâs daily surge is identical, and LTC now trades north of $70. Still, the total crypto market cap has gained about $30 billion since yesterday and a whopping $130 billion in the past two days alone. The metric is now above $2.4 trillion on CG.
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