BTC is facing $ 25,000 for the first time since August, while the cryptoma markets add $ 100 billion: Market Watch

BTC is facing $ 25,000 for the first time since August, while the cryptoma markets add $ 100 billion: Market Watch

Bitcoin has had one of the most impressive daily price increases for some time by exploding almost $ 25,000 from $ 21,500.

The alternative coins have followed this example and have made remarkable profits. Okb, FTM, APT and Near lead with double -digit growth.

Bitcoin approached $ 25,000

The last few days were relatively negative for Bitcoin, which fell from over $ 24,000 to $ 21,500 in view of the ongoing official examination by the SEC and other US wachs. Then came the US CPI numbers that BTC fell under $ 21,500.

After somewhat increased volatility in the following hours, Bitcoin was traded around $ 21,500 yesterday. At this point, however, the entire landscape changed.

The primary cryptocurrency has initiated one of its largest green candles for months and rose from $ 21,900 (on Bitstamp) and thus recorded the highest prize since August 15. Although BTC has decreased by a few hundred dollars since then, BTC has still risen by more than 11 % on the day when Mike Novogratz predicted $ 30,000.

Market capitalization has increased to $ 475 billion for the first time in months. Its dominance compared to the old coins has increased to 42.7 %, which means that the metric has increased by over 1 % in just one day.

BTCUSD. Tradingview

old coins see massive profits

As is usually the case with strong volatility at BTC, the alternative coins follow in a similar way. Ethereum is traded at almost $ 1,700 after a daily increase of 9 %. Just a few days ago, the second largest cryptocurrency had fallen below $ 1,500.

Binance Coin, which was affected by the Sec-Paxos Busd drama, was traded at $ 290 at the beginning of this week. However, after an increase of 8 %, BNB is currently over $ 320.

Similar profits show at Cardano, Polygon, Solana, Shiba Inu, Polkadot, Litecoin and many others.

OKB has increased by over 15 % in the last 24 hours and has reached a new all -time high only a few centimeters of $ 50. Further double-digit price pumps come from Near, APT, FTM and other low-cap alternatives.

Overall, the crypto market capitalization rose by about $ 100 billion in one day and is now well over $ 1.1 trillion.

Overview of the cryptocurrency market. Quantify crypto