Bitcoin price actions were quite disappointing for days, but substantial ETF flows as well as positive US CPI numbers resulted in massive gains that propelled the cryptocurrency to a 3-week high of over $66,000.
The picture with altcoins is quite similar, with most turning green on a daily scale. ETH is above $3,000, while SOL and NEAR have soared by double digits.
Bitcoin Soars Above $66,000
The leading digital asset plummeted sharply last Friday to just over $61,000 after failing to break above the $64,000 level. It took advantage of the relatively quiet weekend to regain some traction and held around $61,000.
The bulls began a notable price surge on Monday that took bitcoin to just over $63,000. Although at first he failed to conquer that line, yesterday he went on the offensive again after the US CPI figures By April it came out.
The fact that they met expectations of 3.4% resulted in a jump towards $64,000. He positive entries Spot BTC ETFs in the United States started another rally that took the cryptocurrency to a 3-week high of around $66,500.
Despite losing some ground since then, bitcoin is still trading above $66,000. Its market capitalization has surpassed $1.3 trillion, while its dominance over alts is approaching 52%.
SUN, FENCE on a streak
As usually happens when BTC heads in one direction, so do most altcoins. Ethereum has regained the $3000 level after a 3.6% rise in the last day. Binance Coin is above $580 after gaining 3%. Similar increases are evident in XRP and DOGE.
Shiba Inu, Avalanche, Polkadot, Bitcoin Cash, and Cardano are all up 6% to 8%. However, the most impressive gains come from Solana and NEAR Protocol's native token.
SOL is up 13% and is well above $160, while NEAR is up 17% and is trading above $8.1.
TON and PEPE are the only larger cap alternatives with notable price drops on a daily scale now.
The total cryptocurrency market capitalization has added approximately $150 billion since yesterday's low and is now above $2.5 trillion.
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