BTC Charts Fresh ATH Above $73K, BNB Nears $600 After 7% Daily Surge (Market Watch)

Bitcoin price fell below $69,000 yesterday, but the bulls quickly intercepted the move and initiated another rally that resulted in another new all-time high.

Several altcoins are also in the green today, led by TON, AVAX, DOT, NEAR and BNB.

BTC's latest ATH came after pullback

It was just over a week ago when Bitcoin had calmed down at around $61,000-$62,000. However, that all changed on Monday when the asset surpassed the latter and soared to almost $69,000. A day later, that 2021 ATH fell and BTC recorded a new one at $69,300.

A massive rejection followed, pushing the cryptocurrency down by around ten thousand dollars. However, the bulls helped BTC recover almost all of the losses, and Bitcoin did so again on Friday when it surpassed $70,000 for the first time.

Another rejection came, but this time less violent. After a relatively quiet weekend, Bitcoin also started to rise this Monday and skyrocketed to a new ATH of almost $73,000. The scenario was repeated yesterday when the bears took it down once again to a multi-day low below $69,000.

However, BTC is evidently in a confinement, and this setback did not last long. Quite the contrary, the asset began to gain ground and soared to $73,600 to record its latest ATH.

Its market capitalization has increased to $1.45 trillion and its dominance over alts is close to 50%.

BTCUSD. Source: TradingView

Alts on the Run too

Ethereum has also recovered after yesterday's drop and is now back above $4,000. Binance Coin is among the top 10 best performers, up more than 7%. As a result, BNB is close to $575.

Avalanche and toncoin have jumped over the top 36 crypto assets. AVAX is up 13% and trading well above $50, while TON has skyrocketed to over $4.

With most other small- and mid-cap alts trading well in the green, the total crypto market cap has gained over $70 billion overnight and is above $2.9 trillion for the first time. in more than two years.

Cryptocurrency market overview.  Source: Quantify Crypto
Cryptocurrency market overview. Source: Quantify Crypto

Free Binance $100 (Exclusive): Use this link to sign up and receive $100 free and 10% off fees on Binance Futures your first month (terms).

Disclaimer: The information found on CryptoPotato is that of the writers cited. It does not represent CryptoPotato's opinions on whether to buy, sell or hold investments. It is recommended that you conduct your own research before making any investment decisions. Use the information provided at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Leave a Comment


No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *