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Биткоин vs. Доллар

📌 Bitcoin hits one-month peak above $48K, Chainlink up 11% to $20 (Weekend Watch).

Bitcoin Cash Avalanche and Chainlink are the leaders among major altcoins. Altcoins

– Bitcoin Cash Avalanche and Chainlink are the leaders among major altcoins.

Bitcoin continued its weekly rise, reaching a monthly peak of $48,600 a few hours ago.

Altcoins also went back into the green, with the total market value reaching the coveted US$1.8 trillion mark.

Major cryptocurrencies have traded mostly in a sideways trend over the past 10 days. After last week’s turmoil, the asset calmed down and remained in a narrow range around $43,000 until Wednesday evening.

After that, the bulls took control of the market and started several consecutive rallies. First, BTC jumped to $45,000, but that was just the beginning. The bulls kept pushing and by the end of the week, the price of the cryptocurrency surpassed USD 47,000.

After a rather sluggish end to last week, this time the movement was more aggressive. Yesterday, bitcoin tried to overcome the $48,000 mark, but despite the failure, it continued to move and did so today.

In fact, BTC jumped to the $48,600 mark for the first time in almost a month since the day all SEC-approved ETFs began trading in the US.

That means its market capitalization is now approaching $950 billion and its dominance over altcoins is back to over 52%.

Most altcoins are also in the green zone on the daily chart, as they have been for the past few days. Ethereum added another 1%, back to the $2,500 level, while BNB, SOL, XRP, DOGE, TRX and DOT are also up 1-2%.

Cardano, AVAX and BC added 4%, 5% and 8%, respectively. Chainlink took the top spot among the big alts; LINK rose 11% and traded above $20 for the first time in several years.

Alts such as BEAM (23%) and Ronin (14%) showed even more growth. Thus, the total cryptocurrency market grew by about $30 billion overnight, reaching a local peak of $1.81 trillion at CMC.

Bitcoin

Bitcoin

$62,029.80

BTC 2.71%

Ethereum

Ethereum

$3,404.06

ETH 3.19%

Binance Coin

Binance Coin

$406.36

BNB -0.44%

XRP

XRP

$0.61

XRP 6.78%

Dogecoin

Dogecoin

$0.13

DOGE 11.45%

Cardano

Cardano

$0.68

ADA 8.88%

Solana

Solana

$131.05

SOL 16.72%