BTC Consolidation Goes On As BNB Crosses $100B Market Cap

The BTC consolidation goes on above the $60,000 with Binance Coin nearing its ATH after the impressive run over the past few days so let’s take a closer look at today’s Bitcoin latest news.

Bitcoin’s shaky price movements continued over the last day with the crypto staying above $60,000 but the binance coin was among the best performers from the larger cap altcoins as the asset gets closer to a new all-time high. Most alternative coins were in the red but the landscape is now quite different today. Ethereum fell below $4500 but saw a minor 2% increase on a 24-hour scale which drove the second biggest crypto to above this level.

Solana touched $250 after a similar price pump and DOT marked another ATH after a 5% surge since a day ago. DOGe, Terra, and Ripple are also in the green while Avalanche was the biggest gainer from yesterday, also setting a new record above $85. Binance coin performed well in the past few days and marked another 8% increase later on which gave a boost to the coin to $670 which is the highest price level since mid-May. The asset is a few inches away from marking a new ATH of its own while the market cap is rising well above $100 billion.

While some other alternative coins registered impressive gains and new high records, BTC has been calm in the past week since it started retracting from a new mid-week peak at $64,000. The cryptocurrency fell to $60,000 after the inflation news emerged from the US but then recovered just as fast. It remained in a range between this level and $63,000 for the bigger part and even the controversial US infrastructure bill passed Congress but it couldn’t really move a lot. After the attempt to overcome $62,500, BTC returned below $62,000 again and its market cap reclaimed $1.150 trillion while the dominance over the altcoins was reduced by over 42%.

The BTC consolidation goes on still along with the rest of the cryptocurrency market. As we reported earlier, most of the altcoin space is in the red today after the recent gains, and ETH which saw a new all-time high a few days ago, is down by more than 1% on the 24-hour scale, standing below $4500. Cardano slipped to the $2 price range while Terra, Dogecoin, Ripple, and Polkadot dipped by a similar percentage of around 3%. Solana jumped to nearly $250 after the slight increase while BNB tapped another six-month high after the daily surge of 4%.

Source: https://www.dcforecasts.com/bitcoin-news/btc-consolidation-goes-on-as-bnb-crosses-100b-market-cap/