By Alicia Maher
The overall cryptocurrency market cap moves towards $2 trillion. That has seen altcoins registering gains, ADA jumping up by 20%.
The crypto market enjoys another high today. Bitcoin bounced to reclaim $46K after another plunge that saw the largest crypto at $45K. Most alternative coins managed to outperform the leading digital asset. For instance, Cardano’s ADA managed to add 20% to its value since yesterday.
ADA 20%Up, ETH above $3.2K
Alternative coins have seen impressive performance over the past seven days. Ethereum trades 30% high since the London Hard Fork update. The crypto coin managed to register another multi-month high over the past 24 hours, trading at $3,240.
Other digital currencies that saw gains are DOGE (3%), DOT (4%), UNI (2.5%), SOL (5%), LTC (4%), BCH (3.5%), and LINK (6%).
Binance Coin trades high following the innovation zones listing. That has seen BNB nearing $400 after struggling for several months.
Cardano ranks the highest gainer in the top ten digital assets. The altcoins trade at $1.77 after gaining almost 20%. Such moves had ADA tagging its highest price since 4 June.
ADA enjoys new highs after Charles Hoskinson, ADA’s founder, acknowledged that they would declare smart contract launch on Friday.
IoTeX (IOTX) performed the best out of the top 100 crypto coins. The alternative coin surged by 175% in one day and 340% in seven days to trade at $0.086.
Other coins that registered double-digit upticks include Polygon (10%), IOTA (13%), Kusama (14%), Terra (15%), Flow (15%), Helium (25%), Holo (30%), Ravecoin (33%), and Axie Infinity (62%).
The crypto positivity had the total market cap increasing by almost $60 billion to hover over $1.9 trillion.
BTC Back Over $46K
The dominant digital coin has seen impressive price actions since overcoming the $40K mark the past weekend. Bitcoin claimed a 2-month high above $46.8K yesterday, but slight losses followed due to the US taxation updates.
The unpredictable early sessions had BTC dropping towards $44.6K before bulls emerged for northward movements. The asset added over $1,500 in the hours that followed to exceed $46.5K once more.
Though with slight corrections, BTC still maintains over $46,000. Its market capitalization gained $850 billion. Meanwhile, its dominance lost 1% as alternative coins saw promising surges.
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