Following several days of trading below $30,000, bitcoin went on the offensive hours ago, reclaimed that level, and even spiked above $31,000. The altcoins have marked impressive gains as well in the same timeframe, with Cardano and Solana leading the way.
Bitcoin Tests $31K
As June started, bitcoin attempted to turn it into a more positive trading month, surging to a multi-week high of over $32,000. However, the predominantly bearish market sentiment pushed the cryptocurrency south, and it found itself sliding below $30,000 hours later.
Aside from a few brief attempts to overcome that coveted round-numbered line, BTC stood below it for most of the next several days.
The weekend started on a similar note before bitcoin finally initiated a leg up and jumped to $30,000, thus breaking its longest negative streak of 9 consecutive weekly red candles.
Moreover, BTC kept pumping and added another $1,000 in hours. As of now, the asset stands above $31,000, and its market capitalization is close to $600 billion, while the dominance over the alts stays above 46%.
ADA and SOL Pump Hard
The alternative coins continue to mimick BTC’s performance to a large extent, meaning that most have turned green on a 24-hour scale.
Ethereum is up by more than 6% and sits at $1,900 after falling to $1,800 a few days ago. BNB slid below $300 but now trades at $310 after a 4% daily increase. Ripple, Dogecoin, Polkadot, Tron, and Shiba Inu have jumped by up to 6%.
Avalanche, Solana, and Cardano have seen even more impressive gains. AVAX (10%) now trades at $27, Solana (12%) is at $43, while ADA has stolen the show with a 14% surge to well above $0.6.
With most lower- and mid-cap alts charting similar gains on a 24-hour scale, the crypto market cap has added $70 billion and is now close to $1.3 trillion.
- 000
- 9
- ADA
- Altcoins
- alternative
- Another
- asset
- bearish
- before
- below
- Billion
- Bitcoin
- bnb
- BTC
- BTCUSD
- capitalization
- Cardano
- Cardano (ADA)
- Coins
- consecutive
- continue
- crypto
- Crypto Market
- cryptocurrency
- cryptocurrency market
- Dogecoin
- Finally
- found
- Green
- High
- However
- HTTPS
- impressive
- Increase
- IT
- itself
- large
- leading
- Level
- Line
- Market
- Market Cap
- Market Capitalization
- meaning
- Month
- more
- most
- negative
- performance
- Polkadot
- positive
- predominantly
- pump
- Ripple
- Scale
- sentiment
- several
- Shiba Inu
- similar
- SOL
- Solana
- South
- stands
- started
- stolen
- surge
- tests
- The
- timeframe
- trades
- Trading
- TRON
- Watch
- weekend
- weekly
- while