AVAX Soars 9% Daily, SOL Taps $110 as BTC Jumped Above $48K (Weekend Watch)

Bitcoin’s positive price performances continued in the past 24 hours as the asset jumped above $48,000 and marked a new monthly peak.

The altcoins are also in the green, with ETH tapping $2,500 and SOL jumping to $110.

$BTC on the Rise

A lot can change in the cryptocurrency market within a week, and this is what happened to $BTC in the past seven days. Last weekend, the asset had recovered from the most recent declines and stood at around $43,000.

The next several days were highly uneventful, and Bitcoin remained at that level aside from a few brief and minor pumps and dumps. However, the landscape finally started to change Wednesday evening and especially Thursday morning when $BTC broke above its tight trading range and jumped to $45,000.

Friday provided even more gains as Bitcoin first exploded above $46,000 and then soared past $47,000 and even briefly $48,000. In fact, the cryptocurrency charted a new monthly high of $48,200 late last night.

Since then, the asset has lost about a grand but still trades 2% up on the day. Its market capitalization has soared to $930 billion, and its dominance over the altcoins stands tall at 52%.

$AVAX Steals the Spotlight

Most altcoins charted impressive gains over the past several days as well, and the landscape is quite positive on a daily scale now. Ethereum has added another 2% of value in the past 24 hours and now trades inches above $2,500. Solana has tapped $110 after a 3.5% daily jump.

Binance Coin, Ripple, Tron, Dogecoin, Polkadot, Chainlink, and Polygon are also with minor gains of around 1%.

Avalanche has soared the most from the larger-cap alts. $AVAX is up by almost 9% and now trades close to $40. Further gains from the mid-cap alts come from the likes of IMX (13%), KAS (7%), and TAO (9%).

The total crypto market cap has added another $30 billion overnight and now sits close to $1.8 trillion on CMC.