Huge double-digit gains from these alts as BTC hit a two-week high: Market Watch

SUI has increased the most in the past 24 hours.

The altcoins have performed even more impressively since then, adding around $200 billion to the total cryptocurrency market cap since the weekly low.

BTC increases by $10,000

The primary cryptocurrency managed to break $90,000 at the end of last business week after being crushed below $81,000 in mid-November. It peaked at over $93,000 on Friday, where it was immediately rejected, but still remained sideways around $91,000-$92,000 over the weekend.

However, on Monday the bears returned in full force. In just a few hours, they sent BTC hard south to just under $84,000, hitting a six-day low. After losing $8,000 within hours, bitcoin finally bounced back and jumped to $86,000 yesterday. That’s when the bulls really stepped on the accelerator, pushing it past $90,000 and all the way to $94,000 by Wednesday morning.

This became BTC’s highest price tag since November 17. Although it has failed to rise further, Bitcoin is now still above $93,000, showing an increase of 7.5% on a 24-hour scale.

The market cap on CG has risen to $1.860 trillion, while the dominance on alts is 57.4%.

Alts with big profits

If BTC goes fast in both directions, so do most altcoins. This story turned out to be true again in the past 24 hours. Ethereum rocketed past $3,000 and rose to $3,070 at the time of writing, after rising 9.5%. XRP briefly jumped past $2.20 and is now just below that level after rising 8.5%.

Even bigger price pumps are coming from companies like SOL, DOGE, BCH, ADA, XLM, LINK, HBAR and LTC, all of which are up double digits. SUI stole the show with a huge 28% increase to $1.73.

The cumulative market capitalization of all crypto assets has increased by more than $200 billion in one day and amounts to $3.240 trillion at CG.