NEAR, RENDER, DOT and VET are among the other double-digit winners at the moment.
Many altcoins have recovered more impressively, including ETH, which is close to $3,500 again, and XRP, which is above $2.30.
BTC bounces above $102,000
The business week started off on the wrong foot for the primary cryptocurrency. It touched $111,000 last Sunday, but the bears took full control of the market on Monday and didn’t let go for days. Initially, the asset fell to $104,000, and after a brief and failed recovery attempt, it started losing value again on Tuesday.
The high occurred when the price fell below $100,000 for the first time since June, reaching just below $99,000. It recovered in the following days but was quickly stopped at $104,000 on Wednesday. The general bearish sentiment continued and BTC dropped again into the five-digit price area on Friday.
This time, the bulls managed to intervene before bitcoin fell to $99,000. The recovery effort was similar as the asset rose to $104,000 on Friday evening. It has not been able to move further up and is now about a mile lower.
Market cap has recovered to almost $2.050 trillion on CG, while dominance on alts has fallen from 58.2% to 57.6% in one day.
FIL on the rise
BTC’s declining dominance means one thing: many altcoins have outperformed. FIL is the undisputed leader, with a massive 50% increase pushing the price to over $3.30 at the time of writing. On a weekly scale, the asset is up more than 110%.
NEAR follows suit with a 22% pump. RENDER, VET, DOT, UNI, LTC and WLD complete the club with double figures.
Many of the bigger alts have also posted impressive gains over the past day. ETH is up 5% to almost $3,450, while XRP has recovered $2.30 after rising 5.6%. BNB is close to $1,000, while DOGE is up over 9%. ADA, LINK, SUI, XLM and AVAX are also well in the green.
The total crypto market cap has recovered over $100 billion daily and now stands at $3.550 trillion.
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