DOT, STABLE and UNI have risen the most in the past day, with gains of more than 20% in some cases.
Many altcoins have posted even more impressive gains over the past day, with ETH regaining the $2,000 level and ADA rising by double digits to almost $0.30.
BTC touched $70,000
After last week’s rejection at $70,000, Bitcoin went into a tailspin for a few days straight, falling to $65,600 last Thursday. It responded well to this drop, rising to $69,000 over the weekend, where it was halted again following the latest developments on the tariff front, prompted by the US Supreme Court and Trump’s subsequent actions.
Although BTC initially remained relatively quiet, it plummeted when the old futures markets opened. In just over an hour, the value plummeted to $64,400 before recovering to $66,400.
That seemed to be a dead-cat bounce, and BTC quickly started losing value again. This time the nosedive took it to a three-week $62,500 draw. The bulls finally moved decisively forward at this point and prevented another leg from coming down. Quite the opposite; bitcoin exploded out of the gate, rising to $70,000 for the first time in more than a week.
It couldn’t rise above that level and has since fallen by two thousand dollars. However, it is still up 4.5% on the day, and the market cap has returned to $1.360 trillion on CG. The dominance over the alts remains inches above 56%.
Alt’s rocket
Ethereum, which some analysts believe has already bottomed out, is back above $2,000 after an impressive daily gain of 8%. XRP has reclaimed the $1.40 line after a 5.5% pump. SOL, DOGE, CC, BNB and HYPE have posted similar gains, while LINK is up 9%.
ADA has outperformed the rest of the bigger alts. A 10% increase has brought the price to almost $0.30. DOT is the best performer today, up 24% to around $1.60. STABLE, UNI and NEAR follow suit.
The total cryptocurrency market cap has recovered from the recent low of $120 billion and has risen to $2.425 trillion on CG.
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