Bitcoin price reacted well to yesterday's small pullback and has remained well above $34,500 so far.
Altcoins have posted even more substantial gains in the past 24 hours, helping the total market capitalization gain $20 billion in this time period.
BTC targets $35K
It's safe to say that bitcoin has been on a roll in recent days. It all started over the weekend when the cryptocurrency rode its positive momentum and regained $30,000. After a brief pullback and slow performance on Sunday, the asset returned to the offensive on Mondays and Tuesdays.
This time, the asset recorded its most impressive daily price rise in a long time when it shot itself for four thousand dollars in hours to reach its highest price in 17 months: $35,200.
Although it lost some of its momentum at that time and fell back to $33,200 after a mania With the BlackRock ETF ticker, the cryptocurrency's decline did not last long. As a result, he started knocking on the $35,000 door once again hours ago.
However, so far it has not been able to recover that level and is trading inches below it. However, its market capitalization has skyrocketed to almost $680 billion, while its dominance over altcoins barely reaches 53%.
SHIB, DOGE shoot
Green also dominates the altcoin landscape today. Ethereum has finally surpassed BTC on a daily scale with a 4.4% rise that has taken it to $1,850. Binance Coin, Ripple, Tron, Toncoin, Chainlink and Litecoin rose up to 3-4% daily.
More gains are coming from companies like Solana, Cardano, Polygon, and Polkadot, all of which are up between 5% and 7%.
However, the most notable price winners from the larger cap alternatives include the largest meme coins: Dogecoin and Shiba Inu. Both assets are up between 10% and 11%. Avalanche's native token has added a similar percentage and now sits above $11.
The total cryptocurrency market capitalization has added about $20 billion overnight and stands at close to $1.3 trillion.
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