CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$27,094.00
  • ethereum
    ETH$1,866.29
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Market Updates » Bitcoin Tops $47K as Altcoins Explode: Doge 16% Up, Solana New ATH After 40% Increase (Market Watch)

    Bitcoin Tops $47K as Altcoins Explode: Doge 16% Up, Solana New ATH After 40% Increase (Market Watch)

    Author: Jordan Lyanchev

    Last Updated Aug 17, 2021 @ 08:49

    The crypto market cap has topped $2 trillion again as the altcoins went on a tear. Dogecoin went up by 16%, while SOL skyrocketed by 40%.

    After another drop to below $46,000, bitcoin bounced off rather nicely and even tapped $48,000 briefly. However, the alternative coins have registered significantly more notable gains on a 24-hour scale, including a new all-time high for Solana and Dogecoin pumping 16%.

    Green In Altland; SOL New ATH

    The market-wide retracement on Sunday was short-lived, and the alternative coins are back on the offensive. Ethereum has jumped by about 3.5% in a day and is just shy of $3,300.

    Ripple, which was the most substantial gainer yesterday, is also up with a similar percentage. Binance Coin (5.5%), Cardano (5.5%), and Uniswap (6.5%) have painted even more impressive increases.

    Dogecoin has surged by about 16% in a day, perhaps fueled by the recent support from world-known billionaires, such as Mark Cuban. As a result, DOGE trades at $0.34.

    Polkadot (10%), Chainlink (11%), and MATIC (11%) have seen double-digit pumps as well, while Solana has stolen the show today. SOL has exploded by 40% and registered a new all-time high above $64 earlier.

    Alicia Bakery
    CMO - A really good agency

    Did you like this market update?
    This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

    Invalid email address
    Your privacy is guranteed.
    Thanks for subscribing, you will get your first report in the next hours!
    Cryptocurrency Market Overview. Source: Quantify Crypto
    Cryptocurrency Market Overview. Source: Quantify Crypto

     

    More gains are evident from Terra (32%), Harmony (20%), Revain (19%), Fantom (17%), THETA (13%), THORChain (12%), and more.

    As such, the cryptocurrency market cap has added about $100 billion since yesterday’s low and is back above $2 trillion.

    Bitcoin Touched $48K

    The primary cryptocurrency also fell yesterday after several consecutive days of price increases. Just after it exceeded $48,000 for the first time since mid-May, the asset dropped by nearly $3,000.

    As a result, it tested $45,500, but the bulls stepped up at this moment and reversed the trajectory. In the following hours, BTC started to gradually recover its value.

    It initially spiked above $46,000 before reclaiming $47,000. Bitcoin went as high as $48,000 again, but the subsequent rejection drove it a few hundred dollars south. Nevertheless, BTC still trades above $47,000 as of writing these lines.

    Although its market capitalization has neared $900 billion again, the dominance over the altcoins has decreased, somewhat expectedly, to under 44%.

    BTCUSD. Source: TradingView
    BTCUSD. Source: TradingView
    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.


    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 Dogecoin Solana (SOL) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    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 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$27,094.00
  • ethereum
    ETH$1,866.29
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    The Weaknesses of Ethereum VS Modern Blockchains: Interview With Radix

    The Weaknesses of Ethereum VS Modern Blockchains: Interview With Radix

    Institutions Intend to Buy Bitcoin in Late 2023: Interview With CryptoQuant

    Institutions Intend to Buy Bitcoin in Late 2023: Interview With CryptoQuant

    Why Didn’t ETH Dump After Shanghai? Interview With Nansen

    Why Didn’t ETH Dump After Shanghai? Interview With Nansen

    What is PEPE Coin? Is This the Next Huge Memecoin?

    What is PEPE Coin? Is This the Next Huge Memecoin?

    What is the Ethereum Shanghai (Shapella) Upgrade? Everything You Need to Know

    What is the Ethereum Shanghai (Shapella) Upgrade? Everything You Need to Know

    15 Months Later, What Changed Since November 2021? Interview With Phantom Wallet CEO

    15 Months Later, What Changed Since November 2021? Interview With Phantom Wallet CEO

    Artificial Intelligence & Crypto Guide: Here Are the Top 5 AI Coins

    Artificial Intelligence & Crypto Guide: Here Are the Top 5 AI Coins

    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    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. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top