Bitcoin Approaches $30K
Bitcoin has reached a new multi-month high at $30,400 before experiencing a slight decline. It is currently trading just below the highly sought-after $30,000 mark. Despite this, its market capitalization remains above $580 billion, and it still holds over 51% dominance over altcoins on CoinMarketCap.
Altcoins Show Positive Performance
The majority of altcoins have also seen gains throughout the week. Ethereum, Binance Coin, Solana, Cardano, Dogecoin, Tron, Toncoin, Polygon, and Polkadot have all recorded minor increases of up to 2%. Meanwhile, Chainlink, Aptos, and Aave have shown remarkable growth with double-digit price pumps. LINK has surged by 18%, APT by 14.5%, and AAVE by 14%. These significant surges have contributed to a daily increase of approximately $20 billion in the total market cap, which now stands at $1.140 trillion on CoinMarketCap.
Hot Take: Bitcoin’s Strong Momentum
Despite a brief dip caused by false news about a US SEC-approved BTC ETF, Bitcoin has displayed resilience and continued its upward trajectory. The cryptocurrency surpassed the $30,000 mark for the first time since July and reached a new multi-month peak. Altcoins have also followed suit with positive price movements. These developments indicate that Bitcoin maintains strong momentum in the market as it approaches the $30K milestone.
By
By
By
By
By