Bitcoin continues to trade within a well-defined range, with a lower boundary at $83,000 and an upper at $85,000, currently sitting right in the middle.
ETH has soared past $2,700 again, while LINK and XLM have stolen the show from the larger caps, surging by double digits.
BTC Above $84K
The primary cryptocurrency went on a wild run last Monday after it rebounded from a dip to $80,000 during the weekend. It added over $7,000 in value within 12 hours or so and surged past $87,000 for the first time since late January. The first dip drove it to $85,000 before the bulls tried to take down the $87,000 barrier once again.
The second rejection was a lot more painful as it drove BTC to under $84,000 within hours before the asset further dropped to $82,800. It bounced off shortly after, but it was stopped at $85,000 once again.
Since then, it has been more or less the aforementioned trading range. It tried to break out during the weekend, but it was halted at $85,000. The bears then tried to push it south hard, but they couldn’t crack the $82,500 level. As of now, BTC has rebounded to just over $82,000.
Its market capitalization has risen to $1.680 trillion on CMC, while its dominance over the alts remains sideways at 58.6%.
LINK, XLM, HBAR Rocket
Ethereum has gained over 3% in the past 24 hours and has risen past $2,700 once again. XRP is above $1.50 after a 2.3% increase. SOL, BNB, TRX, and DOGE are also slightly in the green. ADA is above $0.25 after a more impressive 4% pump.
Chainlink’s LINK has soared by over 11% in a day and now sits above $15. XLM has posted a similar jump, currently trading around $0.23. HBAR has surged by 20% and now trades close to $0.12. In contrast, ZEC and NEAR have dumped by up to 9%. CRO, AAVE, and ICP are the other notable gainers among the larger-cap alts.
The cumulative market capitalization of all crypto assets has increased slightly since yesterday to $2.860 trillion on CMC.
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