After the relatively quiet weekend, bitcoin went on the offensive and tapped a new multi-week high well above $17,000.
The altcoins have turned green as well, with ETH reclaiming $1,300. Others, such as Shiba Inu, CRO, LTC, and AXS, are up by more impressive percentages.
Bitcoin Marks New 25-Day High
The primary cryptocurrency had a calm weekend in which it stood at around $17,000. This came following a volatile working week, which saw BTC dipping to $16,000 before pumping to a two-week high of $17,250.
Similar to last Monday, though, this one brought some price fluctuations. The difference is that bitcoin has initiated a leg up this time with a price pump to just over $17,400 earlier today. This marked the asset’s highest price tag since November 11.
Despite retracing by a few hundred dollars since then, the cryptocurrency still sits north of $17,000. Its market capitalization has gone above $330 billion, while its dominance over the altcoins stands tight at 38.3%.
BTCUSD. Source: TradingView
AXS, LTC, SHIB With Big Jumps
The alternative coins also showed little-to-no price movements during the weekend, but the tides have turned now. Ethereum went from $1,300 to under $1,250 in the past two days, but a 3.3% increase on a daily scale has pushed the second-largest crypto to just above the former.
Binance Coin has neared $300 following a minor daily rise of 2%. Ripple, Dogecoin, Cardano, Polygon, Polkadot, and OKB have also painted insignificant gains from the larger-cap alts.
Litecoin and Shiba Inu have surged the most, with increases of 8.5% and 5%, respectively. CRO, ICP, and FLOW are up by between 5% and 9%.
Axie Infinity’s native cryptocurrency has skyrocketed by over 20% on a daily scale. As a result, AXS trades well above $8.
The cumulative market cap of all crypto assets has added $20 billion daily and sits at $870 billion.
Cryptocurrency Market Overview. Source: Quantify Crypto
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Cryptocurrency charts by TradingView.