Litecoin Soars 7.5% to 8‑Month High, Bitcoin Stands Above $23K

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Despite fail­ing to over­come $23,500 once again in the past 24 hours, BTC is still slight­ly in the green today and stands above $23,000.

The alt­coins are quite calm today, as only Lite­coin stands out as a notable gainer.

Bitcoin Firm Above $23K

The start of last week­end saw bitcoin’s price surge from $21,000 to and beyond $23,000. Some­what expect­ed­ly, reach­ing the lat­ter meant tap­ping a mul­ti-month high since BTC was stuck around $17,000 for months.

The cryp­tocur­ren­cy spent most of the week in a range between $22,000 and $23,000, aside from a cou­ple of brief price pumps. The most notable one took the asset to $23,800, which became the new high­est price point since September.

How­ev­er, each attempt was inter­cept­ed quick­ly by the bears, and they didn’t allow new local peaks. Then came the US GDP data and the PCE num­bers, but they didn’t bring any sub­stan­tial volatility.

As such, BTC entered the week­end at just under $23,000. It shot up to $23,300 (on Bit­stamp), and even though it has retraced slight­ly since then, it still trades north of $23,000 as of now.

Its mar­ket cap has jumped to just over $445 bil­lion, while its dom­i­nance over the alts sits at 42.3%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

LTC 7.5% Up

Lite­coin stands out as the most impres­sive per­former from the larg­er-cap alt­coins today. It is up by over 7% and trades close to $100, which is its high­est price point since May 6.

LEO and APT are the oth­er larg­er caps well in the green today. Both are up by around 3% and trade at $3.7 and $18, respectively.

Ethereum, Binance Coin, Rip­ple, Car­dano, Poly­gon, and OKB are quite calmer today, with gains of up to 1%.

With the rest of the mar­ket trad­ing with lit­tle-to-no volatil­i­ty now, it’s some­what nor­mal that the cumu­la­tive mar­ket cap of all cryp­to assets is qui­et at just over $1.050 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryp­tocur­ren­cy Mar­ket Overview. Source: Quan­ti­fy Crypto
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Cryp­tocur­ren­cy charts by TradingView. 

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