Crypto Market Cap recuperează 200 de miliarde de dolari într-o zi, deoarece Bitcoin recuperează 50 de dolari (Market Watch)

Following the latest price declines when BTC dumped below $50,000, the cryptocurrency finally bounced off and reclaimed that level. The alternative coins are also well in the green, with impressive increases from Ethereum, Cardano, Solana, Polkadot, Avalanche, and many more.

Bitcoin Peste 51 USD

The past several days didn’t go well for the primary cryptocurrency. As raportate on Saturday, the asset plummeted by $16,000 in a matter of hours to a two-month low of $42,000.

It tried to recover on Sunday with a pump towards $50,000, but the bears didn’t allow a price jump over that level. The subsequent rejection a condus it south to $47,000 once more.

However, the bulls have stepped up since then. As a result, bitcoin initiated an impressive leg up, reclaimed $50,000, and currently stands even above $51,000. This means that the asset is up by more than $4,000 since yesterday.

Consequently, its market capitalization has neared the coveted $1 trillion mark once more, while the dominance over the alts has further been reduced to just over 40%.

Altcoins in Recovery Mode

The alternative coins also suffered during the crash on Saturday and yesterday. Today, though, most have surged, led by Ethereum’s 10% increase. As such, ETH currently sits above $4,400. Just for reference, the second-largest crypto dumped to $3,500 on Saturday.

Binance Coin has added 5.5% of value in a day and is close to $600. Even more gains are evident from Solana (11%), Cardano (12%), Polkadot (10.5%), Dogecoin (10%), Shiba Inu (11%), and Avalanche (18%).

Ripple (8.5%) and Terra (7.5%) are also in the green, with XRP standing above $0.80 and LUNA close to $70.

BitTorrent is the most significant gainer (55%) on a daily scale after the project a anunțat the date for its mainnet launch. Loopring (32%), Bitcoin SV (30%), Polygon (30%), Oasis Network (26%), Kadena (24%), Nexo (22%), Fantom (22%), and CRO (20%) are next.

The cryptocurrency market cap has added roughly $200 billion in a day and sits at $2.4 trillion now.

Source: https://cryptopotato.com/crypto-market-cap-recovers-200b-in-a-day-as-bitcoin-reclaims-50k-market-watch/