After yesterday’s drop to near $42,000 levels, the leading cryptocurrency bitcoin bounced off and spiked to around $43,000. Most altcoins are slightly in the green as well on a daily scale, with BNB nearing $500 and more impressive gains from Litecoin and ATOM. The past several days seemed quite positive for the original cryptocurrency. The asset had recovered from its dip below $40,000 on Monday and gradually increased in value.
Bitcoin briefly broke above $44,000.
In just a few days, bitcoin added more than $4,000 of value, which resulted in breaking above the $44,000 mark on a few occasions – the latest one on Thursday. However, this is there the landscape changed. After touching a weekly high of $44,500, the bears stepped up and pushed BTC down. This time, the cryptocurrency dropped by over $2,500 and declined to just under $42,000 yesterday. Since then, BTC has added around $1,000 of value and now sits at approximately $43,000, and its market capitalization has remained above $800 billion.
Altcoins see noticeable growth.
The second leading cryptocurrency Ethereum went through a volatile week of its own in the past several days, including a drop to a multi-month low beneath $3,000. After that dump, ETH went on the offensive and recovered $300 in days. As of now, a minor 2% increase since yesterday has pushed the second-largest crypto to above $3,300. Binance Coin is up by around 3% on the day and is close to challenging $500. Ripple, Polkadot, Avalanche, Shiba Inu, MATIC, LINK, and Terra are also slightly in the green. Litecoin, recording 8% growth, is the most substantial gainer from the larger-cap altcoins, followed by ATOM (7%). In contrast, Dogecoin, Solana, and ADA have tapped minor losses.