Bitcoin’s bull run resumed in the last 24 hours, nearly reaching the $45,000 mark for the first time since May 2022.
But it’s not just Bitcoin making waves – several altcoins like ADA, DOT, and AVAX have surpassed BTC, taking the spotlight in the crypto world.
BTC Comes Close to $45K
Last Saturday, BTC’s latest run pushed it close to $40,000. After initially failing to surpass that level and trading below it on Sunday, the start of the week saw another surge that brought the cryptocurrency above that line for the first time in over a year and a half.
Since then, bitcoin has been on a steady climb and climbed above $44,000 on Wednesday. Although the bears attempted to drive it down to $43,000, it quickly rebounded.
Just hours ago, it hit $44,800, reaching a new 2023 peak. While it has dipped since then, BTC still trades above $44,000 – up over 2% for the day.
Its market capitalization has soared past $860 billion, but its dominance over the alts has fallen to 52.4%.
BTCUSD. Source: TradingView Alts See Nothing But Green
Lately, alternative coins have been making significant gains. ETH is close to $2,400, BNB has surged above $240, and XRP sits near $0.7 after a 7.5% increase.
Other coins like Solana, Dogecoin, Polygon, Chainlink, Litecoin, and Uniswap have posted similar gains. Polkadot and Avalanche have skyrocketed by 21-22%, while Cardano is in a league of its own with a massive 32% surge.
With many other alts in the green, the total crypto market cap has jumped by over $40 billion, standing above $1.650 trillion on CMC.
Cryptocurrency Market Overview. Source: Quantify Crypto SPECIAL OFFER (Sponsored)
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