Bitcoin has calmed down once again above the $46,000 mark, while some altcoins have reduced their dominance over the market with impressive gains. Terra is among them, as LUNA soared almost 10% in one day and posted a new all-time high near $120.
Terra's last ATH
Most altcoins experienced increased volatility a couple of days ago, went back on the offensive yesterday and stalled today.
Ethereum, for example, dipped as low as $3,300 before soaring to just over $3,500 yesterday. This became his highest price tag in three months. As of now, the second largest crypto has settled down at around $3,500.
Terra is the most significant gainer of the top 10 coins with an increase of 9%. Consequently, LUNA recorded a new all-time high just a few days after the previous one. According to CoinGecko, the latest spike comes in at a mere $120.
NEAR Protocol and Cosmos have also painted substantial price increases on a daily basis. As such, NEAR sits at $17, while ATOM trades above $32.
Binance Coin, Solana, Ripple, Cardano, Avalanche, Polkadot, Dogecoin, and Shiba Inu have shown more modest price movements.
Moonbeam has surged over the top 100 coins with a 24% pump. It is followed by ECash, Secret, Convex Finance and Helium.
The crypto market capitalization has added around $30 billion since yesterday and stands at around $2.16 trillion.
Bitcoin cools to $46K
Bitcoin also went through a massive price drop at the end of the week by going from $47,500 to a multi-day low of just over $44,000.
However, the bulls intercepted the move and pushed the asset north almost immediately. As such, BTC shot up to just over $47,000 hours later, but failed to hold that level and fell back around $1,000.
As of now, the cryptocurrency has once again regained some value and hovers around $46,400. Its market capitalization has remained well below $900 billion, while its dominance over altcoins has dropped to less than 41% due to some of its gains.
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