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 CryptoCryptocurrency Market Overview. Source: Quantify Crypto

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Étiqueté dans :

, , , , , , , ,