By Franklin Smith
Binance coin explored a 2-month peak as Bitcoin surged to tap the $24,000 mark.
Bitcoin eventually launched an upside move to $24K following several days of sideways actions around the $23K mark. Most alternative tokens are trading in the green, following impressive leg-ups within the past 24 hours. Binance Coin has soared to new 2-month peaks, whereas FLOW has gained by double-digits.
Bitcoin Explores $24,000
Bitcoin exhibited stalemate tendencies since the previous week’s rejection beyond $24.5K. That saw the leading crypto retracing towards $22.4K before spending most of the following days at the $23K vicinity.
Furthermore, the weekend remained relatively calm, and Bitcoin appeared stuck in those regions. That came as the crypto space saw low trading volumes on Saturday-Sunday.
Nevertheless, Bitcoin welcomed the new week with gains during the early Asian sessions. That saw the crypto eventually overcoming its consolidations. Bitcoin gained approximately 1,000 to tap $24K.
While publishing this blog, Bitcoin traded at $24,123.24, surging 5.16% within the past 24 hours. That saw its market cap jumping beyond $450 billion, whereas BTC’s dominance regained some of the recently lost impetus, hovering beneath 41%.
BNB Prints New Local High
The altcoin market also remained relatively calm over the weekend. However, most alts are well in the green during this publication. Ethereum regained the $1.7K mark yesterday and extended the upside today. While publishing this blog, ETH traded at $1,774, gaining 5.56% within the past 24 hours.
Binance Coin remained elevated, charting new local highs. BNB has gained more than 5% within the past day to trade near the $330 mark, the highest level since early June.
Other impressive gains from large-cap assets came from Cardano. Also, Polkadot, Solana, and Avalanche surge up to 10%. Flow and Chainlink led the mid- and low-cap tokens by double digital gains.
The impressive upticks sent the global crypto market cap into the green region. This metric stood at $1.13 trillion during this publication, surging 4.47% within the past day. Also, the overall cryptocurrency market volume gained 22.41% within the past day to $50.92 billion. Time will tell if the market will retain the upside.
Stay around for evolving crypto market updates.