Bitcoin’s price resurgance continued in the past 24 hours as the asset jumped to a multi-week peak of $99,000 before it was stopped and pushed south by around a grand.
Many altcoins have posted impressive gains within the same timeframe, with ETH trading well above $3,500, while DOGE skyrocketed by double-digits.
BTC Eyed $99K
Ever since the mid-December crash, BTC was unable to recover most losses and has remained well below $100,000. Moreover, it plunged to a monthly low of $91,300 on Monday, December 30, with bears anticipating another leg down to under $90,000.
However, the bulls finally stepped up at this point and didn’t allow such a drop. Not without some more struggles, BTC managed to bounce off and jumped to $96,000 on December 31. It faced another rejection there, which drove it to $93,000, but this time, it reacted better and started to reclaim some ground in a more impressive manner.
As the new year arrived, bitcoin jumped to over $97,000 on January 2 and kept climbing in the past 24 hours to its highest level since December 26 of $99,000. Still, it failed there and was pushed down to around $97,000 as of now.
Its market capitalization has risen to $1.940 trillion after the recent recovery, while its dominance over the alts has taken another hit and is down to 53.3% on CG.
SUI Sees New ATH
The alternative coins have registered impressive gains over the past day as well. ETH, which had struggled below $3,500 for weeks, is well above that level after a 4.5% daily surge. SOL, XRP, ADA, AVAX, TRX, and TON are also in the green.
LINK and SHIB have jumped by around 5-7%, while DOGE skyrocketed by 14% and sits close to $0.39 after a minor retracement from its intraday peak.
SUI stands out as the top performer from the larger-cap alts. The asset skyrocketed by 17% in the past day and charted a new all-time high of well over $5.
The total crypto market cap is up by around $100 billion since yesterday and sits at $3.640 trillion on CG.
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Cryptocurrency charts by TradingView.
