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$27,191.00
  • ethereum
    ETH$1,901.88
    • 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 » Following $1000 Weekend Move, Bitcoin Back Above $18K: Cardano Soars 16% (Crypto Market Watch)

    Following $1000 Weekend Move, Bitcoin Back Above $18K: Cardano Soars 16% (Crypto Market Watch)

    Author: Jordan Lyanchev

    Last Updated Nov 29, 2020 @ 08:58

    Bitcoin added $1,000 in a day to reach $18,000, ETH reclaims $550. ADA’s impressive 35% weekly gains have driven Cardano to the top-7 by market cap

    After dabbling around $16K – $17K for a few days, Bitcoin has soared back above $18K. Most alternative coins have also increased in value, adding $30 billion to the total market cap in a day.

    Bitcoin Jumps to $18K

    Following the vigorous price dips from earlier this week that resulted in BTC losing more than $3,000 in hours, the asset consolidated around $17,000 for a few days.

    Bitcoin charted a few more drops beneath that level. However, the situation changed over the weekend. The primary cryptocurrency went on a tear, broke above $17,000, and hasn’t looked back since then. A few minutes ago, it even jumped above $18K.

    BTCUSD. Source: TradingView
    BTCUSD. Source: TradingView

    Interestingly, the substantial 16% price drop earlier this week didn’t affect the Bitcoin social media sentiment. According to the cryptocurrency analytics company Santiment, the positive commentaries have remained optimistic despite the price developments.

    “This is only the 4th time since 2017 that BTC sentiment has stayed this positive,” the company added.

    Bitcoin Twitter Sentiment. Source: Santiment
    Bitcoin Twitter Sentiment. Source: Santiment

    Altcoins Rejoice, Cardano In The Top 7

    The alternative coins performed even worse than BTC during the Thanksgiving price slumps. Ethereum nosedived from its yearly high of $620 to $485. Ripple went as high as $0.80 before tanking to $0.46.

    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!
    ADVERTISEMENT

    However, both these assets, and most other altcoins, saw a nice recovery over the weekend. On a 24-hour scale, ETH has gained another 6% and trades around $550. XRP is back to double-digit increases (13%) and sits above $0.60.

    Bitcoin Cash (4.5%), Litecoin (7%), Polkadot (4%), and Chainlink (4%) are also in the green from the top ten. However, Cardano has trumped them all with a 15% surge. As a result, ADA has taken the 7th spot in terms of market capitalization, according to CoinGecko.

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

     

    As could be expected, lower- and mid-cap saw even sharper increases. Horizen leads with a 25% price surge. Zilliqa (23%), Dash (18%), Nexo (18%), Numeraire (15%), IOTA (13%), Orchid (11%), Qtum (11%), and Ocean Protocol (10%) follow.

    Overall, the total crypto market cap has increased to $535 billion. This is a $30 billion increase since yesterday and $50 billion since the Thanksgiving drops.

    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.

    You Might Also Like:

    • BitcoinEthereumSquarePayPal
      The Digital Age Is Here: Crypto And Fintech Companies Soar, While Bank Stocks Tank
    • BitcoinAltcoins
      Altcoin Season Brewing as Bitcoin Price Stalls and Dominance Takes a Beating (Market Watch)
    • quick_cover
      Last Time Bitcoin Broke $17K The Way To $20K ATH Was Quick
    Tags: Bitcoin (BTC) Price Cardano (ADA) Price Ethereum (ETH) 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$27,191.00
  • ethereum
    ETH$1,901.88
  • 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