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    Home » Market Updates » Bitcoin Stands Still at $46K as Tezos (XTZ) Skyrockets 25% to 4-Month High (Market Watch)

    Bitcoin Stands Still at $46K as Tezos (XTZ) Skyrockets 25% to 4-Month High (Market Watch)

    Author: Jordan Lyanchev

    Last Updated Sep 11, 2021 @ 08:04

    While bitcoin continues to trade around $46,000, some altcoins, like Tezos (XTZ), have charted impressive daily increases.

    Bitcoin continued to consolidate in the past 24 hours as it failed to breach $47,000 decisively and is back to $46,000. Most alternative coins have retraced in the same timeframe. Tezos is among the few exceptions as the asset has surged by 25% in a day.

    Alts Correct as XTZ Spikes Hard

    The past several days were highly volatile for the cryptocurrency space. Ethereum went from above $4,000 to just over $3,000 during the market crash on Tuesday. Since then, though, ETH has attempted to recover most of its value. It went over $3,500 yesterday, but a 3.5% decline has driven it back down to around $3,400.

    Cardano, whose network is preparing for the upcoming hard fork, is down by a similar percentage in the past 24% and is beneath $2.5 now. More identical drops come from Ripple, Dogecoin, Chainlink, Bitcoin Cash, Uniswap, and Litecoin.

    Interestingly, Solana, which went on to register yet another all-time high above $200 yesterday, has dumped by 13% in a day to $185.

    Polkadot and Terra are the only two larger-cap alts well in green. DOT is up by 6% to $31, while LUNA has pumped by 8% and trades at $33.

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    Cryptocurrency Market Overview. Source: Quantify Crypto
    Cryptocurrency Market Overview. Source: Quantify Crypto

    Tezos is the most significant gainer since yesterday. XTZ has exploded by 27% and tapped $6 just a few hours ago. This became its highest price tag since mid-May.

    Further gains come from Celo (26%), ICON (25%), Harmony (22%), Revain (11%), and Curve DAO Token (11%).

    Bitcoin Still Sits at $46K

    The primary cryptocurrency went through a roller-coaster this week as well. It had gradually increased to $53,000 – a four-month high – before it suddenly dropped by $10,000 in hours and bottomed at $43,000 on Tuesday.

    It bounced off and recovered several thousand dollars rather rapidly. As such, it remained around $46,000 during most of yesterday’s trading session. It attempted to challenge $47,000 and even briefly exceeded that level, but the bears returned and drove it south once more.

    As of now, BTC still sits at a familiar level – just north of $46,000. Its market capitalization stands at $870 billion, while the dominance over the altcoins has increased slightly to 41.5%.

    BTCUSD. Source: TradingView
    BTCUSD. Source: TradingView
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    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.
    Tags: Bitcoin (BTC) Price Tezos (XTZ) Price
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    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

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