Altcoin Surge in the Crypto Market
In the past 24 hours, while BTC made its way towards $31,000, several altcoins have been making significant gains. Bitcoin Cash (BCH) has particularly stood out, surging by over 30% to reach over $300 for the first time in over a year.
- Altcoins started a massive run-up last week, and today the landscape is different.
- ETH, BNB, XRP, and TRX have relatively quiet gains of up to 3%.
- ADA, DOGE, and DOT have jumped by up to 5%.
- SOL and LTC have taken the main stage with impressive 15% daily increases.
- Bitcoin Cash has stolen the show with a mind-blowing 33% surge to $305.
- ETC also jumped by 13% and reclaimed $20.
- Most other altcoins are in the green, contributing to a $30 billion increase in the total crypto market cap.
This altcoin surge has brought excitement and renewed optimism to the crypto market, with Bitcoin Cash leading the way with its remarkable performance. It remains to be seen how these gains will continue to unfold in the coming days and what impact they will have on the overall market.