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Bitcoin’s gradual increase over the weekend and the positive start on Monday led to a fresh all-time high of almost $73,000.
Several altcoins have finally caught on, including $XRP, which was trailing behind in terms of gains but soared to a multi-month peak of over $0.75.
$BTC’s Latest Peak
It was a week ago when Bitcoin skyrocketed by several thousand grand and neared its 2021 all-time high of $69,000. It felt inevitable that this record set over two years ago would fall, and it indeed did last Tuesday.
Then came a violent rejection that pushed $BTC south by nearly ten grand, leaving over $1 billion in liquidations. The bulls intercepted the move and drove Bitcoin north again, which resulted in the asset nearing the $69,000 level by Friday.
Later that day, they initiated another leg-up that resulted in $BTC breaking above $70,000 for the first time ever. Another rejection followed, but it was short-lived, and Bitcoin remained relatively quiet at around $69,000 during the weekend.
More gains came on Monday as the primary cryptocurrency soared by a few thousand grand and jumped to almost $73,000 to chart a new all-time high. Despite losing some ground since then, $BTC is still trading well above $71,000.
Its market cap stands north of $1.4 trillion, placing it as the 8th largest financial asset in the world. Its dominance over the alts is close to 50% on CoinGecko.
$XRP, $AVAX, $TON on a Roll
While ETH, BNB, and SOL were posting impressive gains over the past few weeks, Ripple’s native token was trailing behind. However, this changed yesterday when $XRP soared by double digits and tapped a multi-month peak of over $0.75. Despite losing some ground since then, $XRP is still trading around $0.7 after a 12% daily surge.
$AVAX (10%) is close to $50, while $TON has stolen the show with a massive 27% increase that has pushed it to over $3.5.
The total crypto market cap has added another $20 billion on a 24-hour scale and now sits at $2.830 trillion on CG.
news.bitcoin.com
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coindesk.com
beincrypto.com
