Bitcoin (BTC)CryptocurrencyPrice Analysis

Crypto Market Cap Hits Six-Month high

The market capitalization of cryptocurrency has reached $1.660 trillion, which is a six-month high because Bitcoin (BTC), as well as a majority of altcoins, is showing a greenish market trend. The BTC traders continuously advanced during the recent 24 hours because it has touched one more 2-month high, counting to $42,500. A remarkable performance has been shown by several alternative coins as they have crossed above their leader.

A further acceleration in altcoins with a 16% upsurge in DOT’s value

Currently, altcoins are more persistent than their former state. Ethereum traded near to $2,450 formerly; however, it has touched approximately $2,600 after a 6% growth. Additionally, ETH has even moved to $2,650 in today’s earlier period, and this position is considered to be its highest since 15th June. The performance of Binance Coin was slightly passive recently as the regulatory issues restricted the prominent crypto exchange. However, it has increased its position by 7% during the following 24 hours and moved across $340, which counts for its highest increase since June.

The statistics show that the rest of the popular cryptocurrencies such as Litecoin (3.5%), Chainlink (6.5%), Bitcoin Cash (2%), Uniswap (5%), Dogecoin (3.5%), Ripple (3.5%), and Cardano (5%), all are in the positive green zone. Polkadot is the prominent substantial gainer among the biggest capitalizing altcoins as it has surged to 16%. Consequently, it is trading at a considerably good value of $18. Among the top 100 coins, Siacoin acquired the maximum value as a jump of 37% took it near to $0.02. Other coin statistics include Solana (10%), Filecoin (11%), OKB (12%), DigiByte (13%), Basic Attention Token (15%), Ankr (16%), IOTA (19%), and Quant (27%).

Bitcoin leads at $42.5K

The chief cryptocurrency, Bitcoin, has been ahead of all the others in the last week following its successful leap from subsequently after a price drop of carrying it to $30,000. The bounce added nearly $10,000 into its price gradually after the fall, according to the reports. Bitstamp informed that BTC then acquired its peak tag ranging the aftermath of its crash of $42,300 since mid-May. Moreover, another occasion escalated it to $42,700, which is its latest two-month high.

At present, BTC has revived by almost $1,000 while its market cap is introverted at $800B. The market dominance of the coin has dropped nearly 1% over a day due to a spike in the value of altcoins.

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