Bitcoin rockets to 18-week high, altcoins follow suit with massive gains
Breakthrough Growth for Bitcoin
The price of Bitcoin increased by around $2,000 in recent days, signaling a huge upswing in the cryptocurrency sector. Since September, this price represents the asset’s highest level.
Altcoins Are Also Performing Well
Other digital currencies, such SOL and OKB, have also had significant double-digit price gains, demonstrating that the increasing trend is not exclusive to Bitcoin.
BTC Hits 18-Week Peak
Bitcoin retraced to little under $21,000 after briefly topping $21,600. The asset has subsequently received impetus from the bulls and is now just a few centimeters away from $23,000, which would be the highest price in 18 weeks. Unfortunately, some over-leveraged traders also suffered losses as a result of this unexpected spike.
BTC Market Cap Increases
The market capitalization of Bitcoin has increased as a result of the recent price surge and is currently close to $440 billion.
Other cryptocurrencies outperform Bitcoin
Several cryptocurrencies have been performing remarkably well on a daily basis despite Bitcoin’s growing market dominance. APT, the native token of Aptos, has increased by an astounding 57% and hit a multi-month high of almost $12. Solana, OKB, MANA, SAND, ICP, VET, HBAR, NEAR, and ATOM are further noteworthy cryptocurrencies.
Also Seeing Gains: Binance Coin, Ethereum
Ethereum’s value has increased by 6.5% to $1,650 at the moment. Following a 5.5% gain, Binance Coin has recaptured the $300 threshold.