CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
  • Market Updates
  • BTC Analysis
  • ETH Analysis
  • XRP Analysis
  • Interviews
CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
    • Spanish
    • Turkish
    • German
    • Bulgarian
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • CryptoPotato Spanish
  • CryptoPotato Turkey
  • CryptoPotato Germany
  • CryptoPotato Bulgaria
Home » Market Updates » BTC Dominance at 2-Year Low: ETH Reclaims $2300, BNB Surpasses $600 (Market Watch)

BTC Dominance at 2-Year Low: ETH Reclaims $2300, BNB Surpasses $600 (Market Watch)

Author: Jordan Lyanchev

Last Updated Apr 22, 2021 @ 07:30

The crypto market cap recovered $100 billion in a day as bitcoin nears $56,000. Ethereum has jumped above $2,300, while Binance Coin has surged by 20% to over $600.

Getting your audio player ready...

With more positive news in terms of crypto adoption coming from two large companies yesterday alone, bitcoin recovered from its dip to $53,500 and is currently near $56,000. However, most altcoins have charted higher gains and reduced BTC’s dominance over the market to just above 50% – the lowest it’s been in two years.

Bitcoin Pumps on Crypto Adoption News

The primary cryptocurrency suffered on Sunday with a massive price slump of over $9,000 in hours. Despite bouncing off and regaining several thousand dollars of value in the next two days, BTC failed to increase higher than $58,000.

Yesterday seemed like another bearish day as bitcoin dripped to a low of $53,500. However, news broke first that PayPal’s mobile payment service, Venmo, has enabled its user base of over 70 million people to buy, sell, and store digital assets.

Shortly after, reports emerged indicating that the large flexible workspace provider, WeWork, will start accepting several cryptocurrencies for payments as well.

These significant milestones for the entire crypto ecosystem pushed bitcoin upwards. The asset added more than $3,000 of value and peaked at just over $57,000. Nevertheless, BTC has calmed slightly since then and currently stands just shy of $56,000.

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!

It’s worth noting, though, that this price pump helped bitcoin’s market capitalization to reclaim the coveted $1 trillion tag. In contrast, though, the altcoins have painted more substantial gains in the past 24 hours and have reduced BTC’s dominance to about 50.5%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

ETH Above $2.3K; BNB North of $600

Most alternative coins didn’t enjoy the past few days either. One exception was Dogecoin which was riding high in anticipation for the DogeDay on April 20th. However, DOGE has failed to reaffirm its impressive performance and is down by 20% today.

In contrast, the rest of the larger-cap alts are well in green. Ethereum has spiked by 10% to above $2,300. Just a few days ago, ETH dipped to $1,950. Ripple (12%), Cardano (8%), Polkadot (5%), Uniswap (9.5%), Litecoin (7%), and Chainlink (7.5%) have also jumped higher.

Binance Coin, though, is the most significant gainer here. BNB is up by more than 20% on a 24-hour scale and trades north of $600. During the Sunday market crash, BNB had dipped to $440.

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

Celo has surged the most since yesterday, with a 70% increase to $6.6. Horizen (35%), PancakeSwap (27%), Enjin Coin (21%), Waves (20%), Reserve Rights (18%), Dent (16%), Bitcoin Gold (14%), Theta (13%), and Siacoin (13%) follow.

The total market cap has recovered roughly $100 billion since yesterday’s low and is over $2 trillion.

SPECIAL OFFER (Sponsored)
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!


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
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

Join Our Community

FacebookX YouTubeTelegram


Editorials
How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

How to Trade on Hyperliquid: The Ultimate Guide (Step-by-Step Walkthrough)

11 Best Meme Coins to Watch in June 2025

11 Best Meme Coins to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

7 Best Meme Coin Presales to Watch in June 2025

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Toobit Review 2025: Is Toobit a Safe Crypto Exchange?

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

Hyperliquid Bridge: How to Bridge USDC to Hyperliquid

11 Best Crypto Presales to Consider in June 2025

11 Best Crypto Presales to Consider in June 2025

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

Need for Speed – Only Ultra-Fast Blockchains Will Win the Adoption Race (Opinion)

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 - 2025
Scroll to top