Bitcoin Continues to Surge
Bitcoin’s price has continued its upward trend, reaching above $48,000 and setting a new monthly high. This positive performance has also affected altcoins, with Ethereum surpassing $2,500 and Solana jumping to $110.
BTC’s Recent Movement
In the past week, Bitcoin has experienced significant changes in the cryptocurrency market. After recovering from recent declines, the asset stabilized around $43,000. However, Wednesday evening and Thursday morning brought about a shift as BTC broke through its trading range and surged to $45,000. On Friday, Bitcoin reached new heights by surpassing $46,000, $47,000, and briefly touching $48,000. Although it has since dropped slightly, the asset remains 2% higher for the day with a market capitalization of $930 billion.
AVAX Shines Among Altcoins
Altcoins have also seen substantial gains recently. Ethereum has increased by 2% in the past 24 hours and is now trading just above $2,500. Solana experienced a 3.5% daily jump and reached $110. Other altcoins such as Binance Coin, Ripple, Tron, Dogecoin, Polkadot, Chainlink, and Polygon have seen minor gains of around 1%. Among larger-cap alts, Avalanche (AVAX) has surged nearly 9% and is now trading close to $40. Mid-cap alts like IMX (13%), KAS (7%), and TAO (9%) have also experienced notable gains. The total crypto market cap has increased by $30 billion overnight and currently sits at around $1.8 trillion on CMC.
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