BTC tested $21K as Ripple exploded by 14% in the past 24 hours while other altcoins like ATOM, OKX, AVAX, and NEAR all saw some impressive gains as well so let’s read more today in our Bitcoin latest news.
After the recent volatility, BTC tested $21K and spiked higher while other altcoins also charted some impressive gains in the past day with XP leading the rest as it surged by 14%. After last week’s market correction that led BTC below $17,000, the bulls were trying to recover some of the lost ground Bitcoin and this resulted in a jump to $21,500 a few days ago. However, bTC failed there and dipped below $20,000 after the FED Chair reaffirmed the central bank’s plans to continue increasing the interest rates and fight the surging inflation.
BTC recovered fast to sub -$20,000 levels and increased above it yesterday. The last day brought another leg up and the asset now ists a few inches away from $21,000 but its market cap neared $400 billion again with its domiannce dropping below 43%. Binance’s CEO will chart a new high above $69,000 but it can take up to two years to do so. The investor Mark Mobius called BTC a leading indicator which is followed by the Dow Jone and other stock marekt indices. The US branch of Binance US, also started offering zero trading fees for BTC spot pairs.
Most of the alternative coins continued in an attempt to recover some of the losses. ETH was fighting with the $1100 line for a few days now but it seems above it after a new 4.5% increase. BNBm tapped a multi-day high at over $230 after a price surge of 3.3% while DOT, SOL, and Cardano are up by similar percentages. After announcing new BTC bridges, Avalanche surged 9% and neared $20. Ripple’s native token also stands out as the biggest gainer from the larger cap altcoins and XRP surged by over 13%.
MATIC is once again up by double digits after stealing the show and OKB, NEAR, XLM, ATOM, THETA, AXS all have some notable gains as well. The market cap is up by $30 billion and reaches $950 billion. In the latest hack of Horzien’s bridge, $100 million of ETH was stolen so the Harmony ONE token crashed. The global e-commerce giant continued with the NFT efforts by buying knownOrigin and also as we saw, the former UK Chancellor noted that the UK will embrace crypto in order to stay close to other nations.
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