Credit: Original article published by CryptoPotato.

Bitcoin’s notorious volatility struck again yesterday as the asset plummeted by more than $4,000 in hours after touching $59,000. At the same time, Ethereum, Binance Coin, and Dogecoin continue riding high with a new all-time high for each.

ETH, BNB, DOGE to New Highs

The second-largest cryptocurrency by market cap has been blowing out of the water the rest of the market in recent weeks by charting consecutive all-time highs almost daily. The past 24 hours didn’t disappoint the ETH bulls as the asset went on towards its latest record at roughly $3,450. Despite retracing with $90 since then, ether is more than 320% up year-to-date.

Another spectacular performer recently is Binance Coin. The native crypto of the world’s leading exchange reached $680 for a new all-time high yesterday, and its market cap broke above $100 billion for the first time.

Dogecoin followed the aforementioned developments with a record of its own as well. This time, the popular meme coin spiked to above $0.45.

Litecoin and Chainlink are also in the green. On the other hand, Ripple (-7.5%), Cardano (-1.5%), Polkadot (-4%), Uniswap (-5.5%), and Bitcoin Cash (-3%) have lost some traction.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Waves is the most significant gainer from the top 100 coins, following a 70% surge to above $40. THORChain (19%), Ethereum Classic (15%), OMG Network (14%), Flow (10%), and Avalanche (10%) are next.

In contrast, Fantom (-10%) has lost the most, followed by Polygon (-9%), Holo (-8%), Ravencoin (-8%), and Dent (-8%).

The total market cap also went for a record of above $2.3 billion.

Bitcoin Touched $59K But Slumped

And while some altcoins have been on a roll lately, the primary cryptocurrency has failed to produce any significant gains. In the past 24 hours, the situation seemed somewhat different as BTC pumped from $56,000 to a new 15-day high at $59,000.

However, the bears resumed control and pushed the cryptocurrency south by more than $4,000 to a low of $54,500 (on Bitstamp).

Despite recovering some ground since then and currently trading around $56,000, BTC is still 3.5% down on a 24-hour scale. Moreover, its dominance over the market continues to decrease and is down to 46.3%.

BTCUSD. Source: TradingView

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. 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



Comments are closed


Our Other Projects - Premium Domain Names. - Social Network - Mid-century Paris NFTs, tokenized on the WAX blockchain. - Mid-century New York NFTs, tokenized on the Ethereum blockchain and offered on Rarible. - Ultra-Priviate DEX. - Classic Automobile News.