Bitcoin successfully reclaimed the $91,000 mark, jumping more than 4% yesterday as traders bet on the post-election rally to continue.
The flagship asset had earlier retreated to $87,000 amid increased profit-taking pressure. However, the bulls made a strong comeback later, successfully pulling the price back to around $91,400 at the time of writing.
BTC Price Chart – 4 Hours | Source: TradingView
Altcoin market surged yesterday.
Leading the way is Mantra (OM) as the token surged 60% in the past 24 hours alone, pushing its market cap past the $2 billion mark. Flare (FLR) followed with a 35% gain.
Major memecoins continue to explode with Goatseus Maximus (GOAT), BRETT (BRETT), Floki (FLOKI), Bonk (BONK), MogCoin (MOG), cat in the dogs world (MEW)… all jumping more than 20%.
Many other Altcoin projects such as Algorand (ALGO), Cardano (ADA), Hedera (HBAR), Cronos (CRO), Neiro (NEIRO), Sui (SUI), Flow (FLOW), Akash Network (AKT)… all increased by more than 10% in a day.
Source: Coin360
Ethereum (ETH) increased slightly more than 1% as BTC showed signs of recovery.
The second-largest asset by market capitalization has returned above the $3,100 mark after a three-day slump and is currently trading around $3,120.
ETH Price Chart – 1 Day | Source: TradingView
