Bitcoin breaking through to $52,500 and hitting a record high, many altcoins followed closely, including Ethereum over $1,900 and Binance Coin over $180. The past 24 hours have brought more new records into the cryptocurrency field,
Bitcoin hit another ATH in less than 24 hours
As reported earlier this week, BTC broke $50,000 for the first time and has not looked back since. In fact, it only aggravated profits because the price of $51,000 fell a bit quickly.
Bitcoin has continued to rise in the past 24 hours, taking in $52,000 and hitting a record high of $52,600 (on Bitstamp).
Based on that record, BTC’s market value has risen from $950 billion to $980 billion, just $20 billion behind the $1 trillion breakthrough. However, with the addition of altcoins, Bitcoin’s dominance fell back to 61% after yesterday’s brief surge.
BTCUSD. Source: TradingView
New record in the Altcoin field due to loss of BTC dominance
As mentioned above, most of the tokens stagnated yesterday compared to the token leader, but they have boarded the cop car for the past 24 hours. Ethereum leads 6%, which is priced at around $1,920.
Binance Coin is another record breaker. As of yesterday, the BNB has risen nearly 150% to top $180. It has pulled back a little from the intraday high, but it’s still trading hot. Since the $40 push on Jan. 27, the asset is up 350%.
Polkadot (3%), Cardano (10%), Ripple (4%), Litecoin (6%) and Bitcoin Cash (1.5%) also stood out from the top 10.
Cryptocurrency Market Overview. Source: coin360.com
Some low-end altcoins have also brought impressive added value. Bancor (40%), Venus (34%), Horizen (33%), PancakeSwap (33%), Fantom (26%) and Polygon (25%).
Of course, all of these gains also mean a new record for total market value. The cumulative market value of all cryptocurrency assets is only a little less than $1.6 trillion. Since mid-January, this indicator has risen by more than $700 billion.
Crypto Market Cap. Source: CoinMarketCap.com
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