Crypto Markets Skyrocket by Almost $400B in Days as BTC Price Surges Past $103K (Weekend Watch)
The recent ascent of Bitcoin prices has brought the asset to a new peak of several months over $ 104,000 where it was confronted with a certain resistance and is now above $ 103,000.
Many altcoins continue to publish impressive gains, with ETH much more than $ 2,300, while DOGE has climbed more $ 0.21.
The impressive BTC week
If we go back the stopwatch until May 6, we will see that the BTC price has just been rejected at $ 98,000 and that the asset had returned to less than $ 94,000. Although this price drop of $ 4,000 may seem painful, a wider look would show that Bitcoin has added more $ 20,000 since the beginning of April. Impressive, right?
Well, the primary cryptocurrency has not yet been finished, not in the long term. He rebounded on this support line, and it took about a day to spend the coveted line of $ 100,000. As such, BTC was held in a six -digit price territory for the first time in more than three months.
The gains continued to come on Friday while Bitcoin has exploded at its highest price level since the end of January by more than $ 104,000. He encountered a certain resistance there and was pushed south by a few large, but it was short-lived. Currently, BTC is much more than $ 103,000 – a weekly increase of 7% and a 26% monthly pump.
Its market capitalization increased to 2.050 billions of dollars, while its domination over the alts reached a blow and is down 60.5%, because many altcoins have recorded increases in madness prices.
Alts with big gains
Many Altcoins have also doubled the prices of yesterday with the massive gains today. ETH is one of the leaders, because another thrust of 6% brought it to $ 2,350 where it faces crucial resistance.
Binance Coin, Solana, Avalanche and Shiba Inu marked similar pumps, while Dog has increased by more than 12% and is now negotiated over $ 0.21.
Overall, the pieces even displayed the biggest gains, Pepe and Fartcoin leading graphics with two -digit price increases.
The total market capitalization of cryptography increased to 3.4 dollars on CG. This means that metric has added about $ 400 billion since May 6.
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