Credit: Original article published by CryptoPotato.

Another day brings more breached milestones for the crypto field as the market cap has exploded above $1.7 trillion for a new record. This comes following ATHs for Bitcoin above $56,000, Ethereum (north of $2,000), and numerous other altcoins heading towards uncharted territory as well.

Bitcoin Sees Yet Another ATH

It was just earlier this week when the primary cryptocurrency struggled around the $46,000 price tag after a sharp drop. However, the asset rapidly reversed the trend and started gaining substantial chunks of value, which resulted in several consecutive all-time high records.

Once breaking above $50,000 on Wednesday, bitcoin hasn’t looked back since. As of now, the BTC all-time high lies at $56,620 according to Bitstamp. This comes shortly after another pro-BTC engagement from Tesla’s Elon Musk.

Although bitcoin has retraced slightly since then, it still trading above $55K as of writing these lines and, perhaps more notably, its market capitalization has maintained its ground above $1 trillion.

The technical indicators suggest that BTC would have to overcome the first resistance at $56,112 and $56,600 before potentially challenging $60,000. Alternatively, the support levels at $54,500, $51,400, and $50,000 could assist in case of a price breakdown.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

ETH Above $2000: DOT Spikes 20% To The Top 4

The altcoin market has also enjoyed the past week or so with remarkable gains. In the past 24 hours, the situation only intensified led by Ethereum. The second-largest cryptocurrency also broke a notable milestone of its own after it surged above $2,000 for the first time in its 6-year history.

Litecoin (4%), Ripple (6%), and Chainlink (7%) are well in the green from the top ten but have been outperformed by Binance Coin, Cardano, and Polkadot.

DOT has skyrocketed by 20% to a new all-time high of about $40, this places Polkadot as the 4th largest project by market cap, surpassing Tether (USDT). Cardano spiked above $1 for the first time in over three years after a 16% surge.

Binance Coin, arguably the best-performer in the past few weeks, also saw a record yesterday of approximately $350. Despite retracing to about $300, BNB is still up by more than 120% in seven days.

Cryptocurrency Market Overview. Source: Quantify Crypto

Further gains are evident from Ravencoin (100%), DODO (45%), Polygon (40%), Theta Fuel (33%), Fantom (31%), Huobi Token (26%), and OKB (23%).

Ultimately, the cumulative market capitalization of all crypto assets also registered a new ATH at above $1.7 trillion.

This article is strictly for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. CryptosOnline.com does not provide investment, tax, legal, business or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any loss or damage caused or alleged to be caused by, or in connection with, the use of or reliance on any content, goods, services or opinions mentioned in this article.

#Bitcoin #Crypto #Cryptocurrency

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