Bitcoin price hit a 19-day high well above $27,000, but the asset has yet to decisively regain that level.
Almost all altcoins are in the green today, and the total crypto market capitalization has recovered more than $70 billion since last Monday's crash.
BTC's attempt to reach $27,000
The leading cryptocurrency crashed hard last Monday when it fell to a two-month low of just under $25,000. However, it managed to recover all losses almost immediately and surpassed $26,000 amid news of another filing for a spot BTC ETF from a traditional financial giant.
It continued to rise during the work week and pumped to $26,900 on Saturday. However, it initially failed to break that level and fell back several hundred dollars on Sunday. Monday started in a similar fashion, and it wasn't until the afternoon that BTC rose.
This culminated in a price increase to $27,400 later that day, which became its highest price in over two weeks. However, BTC lost almost all of its momentum in the following hours and now sits around $27,000.
Its market capitalization has surpassed $525 billion, while its dominance remains firm at 49.1% in CMC.
Alts See Green
Most altcoins also pumped higher yesterday but were unable to maintain the notable increases. However, green continues to dominate the charts.
Ethereum, Binance Coin, Dogecoin, Tron, and Shiba Inu were up about 1%. Cardano, TONCOIN and Polygon have added around 1-2%, while Ripple, Litecoin, Chainlink and Solana have risen more than 2% and even more than 4% in the case of SOL.
Even more gains come from companies like XEC, GMX, and Stacks. In fact, XEC is the best performer today, up 15%.
The total cryptocurrency market capitalization has also added a few billion overnight and now sits well above $1.07 trillion after falling to $1 trillion last Monday.
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Cryptocurrency charts by TradingView.
