Bitcoin Keeps Climbing Above $45K, DOGE Skyrocketed 25%: Analysis

Bitcoin keeps climbing above $45K while dogecoin outperformed all tokens with a 25% increase to a three-month record as we are reading more today in our latest altcoin news today.

The weekend continues with strong gains for BTC as the asset spiked above another price line that was coveted by reclaiming $45K and most altcoins are also well in the green led by a strogn surge from Doge of over 25% in one day. The positive developments in the USD price continue in the crypto market and the biggest asset, bitcoin was on a roll since mid-July when it dropped below $30,000. The bulls kept pushing it north and broke a resistance line after the other. Over the past few days alone, BTC pumped above $40K and continued upwards to the new three-month record registered a few hours ago. BTC surged to just over $45,000 for the first time since the recent crash and as such, the market capitalization increased to $850 billion.

The asset is up by more than $15,000 in three weeks and the larger BTC holders refused to take profits and sell the portions according to the data from Santiment. The analytics company said that these investors hold in total over nine million BTC as of now which is an ATH since. The alternative coins started performing impressively lately with ETH leading the charge so as the network behind the asset went through the London hard fork and the token went on a rise of 22% in the past week. On a 24-hour scale alone, ETH increased by 6.5% and reclaimed $3000, and went further to around $3150.

Bitcoin keeps climbing while Binance coin followed with a 2.5% rise, ADA with a 3.5% rise, Uniswap with a 6% rise, Chainlink with a 2%, and Ripple increased by 8%. Dogecoin stole the show with a spectacular 25% surge and as result, the biggest meme coin increased to a multi-month high of $026. other copycat meme coins followed suit with notable gains as well like Shiba Inu of 26%. Ethereum classic also increased by 13%, 0x by 10%, and OKB by 13%. The cumulative market cap of all crypto assets went up for a three-month record as well as $1850 trillion with the metric adding about $300 billion in just a few days.

Source: https://www.dcforecasts.com/bitcoin-news/bitcoin-keeps-climbing-above-45k-doge-skyrocketed-25-analysis/