Author:
Bitcoin’s notorious volatility struck again yesterday as the asset plummeted by more than $4,000 in hours after touching $59,000. At the same time, Ethereum, Binance Coin, and Dogecoin continue riding high with a new all-time high for each.
ETH, BNB, DOGE to New Highs
The second-largest cryptocurrency by market cap has been blowing out of the water the rest of the market in recent weeks by charting consecutive all-time highs almost daily. The past 24 hours didn’t disappoint the ETH bulls as the asset went on towards its latest record at roughly $3,450. Despite retracing with $90 since then, ether is more than 320% up year-to-date.
Another spectacular performer recently is Binance Coin. The native crypto of the world’s leading exchange reached $680 for a new all-time high yesterday, and its market cap broke above $100 billion for the first time.
Dogecoin followed the aforementioned developments with a record of its own as well. This time, the popular meme coin spiked to above $0.45.
Litecoin and Chainlink are also in the green. On the other hand, Ripple (-7.5%), Cardano (-1.5%), Polkadot (-4%), Uniswap (-5.5%), and Bitcoin Cash (-3%) have lost some traction.
Waves is the most significant gainer from the top 100 coins, following a 70% surge to above $40. THORChain (19%), Ethereum Classic (15%), OMG Network (14%), Flow (10%), and Avalanche (10%) are next.
In contrast, Fantom (-10%) has lost the most, followed by Polygon (-9%), Holo (-8%), Ravencoin (-8%), and Dent (-8%).
The total market cap also went for a record of above $2.3 billion.
Bitcoin Touched $59K But Slumped
And while some altcoins have been on a roll lately, the primary cryptocurrency has failed to produce any significant gains. In the past 24 hours, the situation seemed somewhat different as BTC pumped from $56,000 to a new 15-day high at $59,000.
However, the bears resumed control and pushed the cryptocurrency south by more than $4,000 to a low of $54,500 (on Bitstamp).
Despite recovering some ground since then and currently trading around $56,000, BTC is still 3.5% down on a 24-hour scale. Moreover, its dominance over the market continues to decrease and is down to 46.3%.
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.