RAIN entered the top 100 after a spectacular rally.
In the meantime, many altcoins have delivered more impressive gains, including ENA, HYPE and XRP.
BTC looks at $90K?
Consider last week’s events, which brought the primary cryptocurrency to its knees for the first time in months. The asset had already lost the coveted $100,000 level, but the bears were just getting started. Last Monday and Tuesday, they pushed BTC from over $96,000 to under $90,000, where it found some support and immediately recovered to $94,000.
That relief rally didn’t last long, however, and bitcoin once again suffered a rapid decline, this time to new lows. By Friday afternoon, BTC had lost more than $13,000, dipping below $81,000 for the first time since April. This meant that the price had fallen by around 35% since its all-time high in early October.
After this seven-month low, the cryptocurrency finally started to recover some ground and stood at around $84,000 over the weekend. It continued to post modest gains in recent days, resulting in a surge to $89,000 earlier today.
It failed there and is now around $87,000, but still slightly in the green on a daily scale. The market cap has risen to $1.740 trillion, while dominance over alts has taken a hit, falling to 56.5% on CG.
These Alts turn green
Ethereum rose above $2,900 earlier today, but has fallen below that level at the time of writing, despite a daily gain of 3%. BNB, DOGE, HYPE, ADA and LINK are well in the green, but XRP and SOL have stolen the show from the larger caps. The former is up 7% to $2.20, while the latter is up more than 5% and trading above $135.
Even more impressive gains come from KAS (22%), SUI (11%), ENA (10%) and CC (9%). However, RAIN has skyrocketed over 100% following this multi-million dollar initiative.
ZEC and BCH, on the other hand, have fallen the most against the larger altcoins, losing 6.3% and 4.5% respectively.
The total crypto market cap has increased by over $60 billion in one day and stands at $3.075 trillion at CG.
SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).Disclaimer: The information found on CryptoPotato is that of quoted authors. It does not represent CryptoPotato’s views on buying, selling or holding investments. You are advised to conduct your own research before making any investment decisions. Use the information provided at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
#Alts #Post #Biggest #Gains #Bitcoin #Price #Hits #Market #Watch