Bitcoin continues its recovery attempts by touching $ 59,000, as most altcoins have stagnated since yesterday. The avalanche is once again the biggest winner. AVAX has hit a new all-time high (yet again) and is poised to overtake Dogecoin in terms of market cap.
AVAX on a roll
The value of most altcoins fell over the past week and attempted to rebound yesterday. Ethereum, for example, fell below $ 4,000 for the first time in more than a month shortly after registering its last ATH of nearly $ 4,900. However, ETH is now well above $ 4,300.
On a 24 hour scale, most of the larger cap alts are at a standstill. Binance Coin, Solana, Cardano, Ripple, Polkadot and Dogecoin are slightly in the red, while Terra is up around 0.3%.
Shiba Inu lost the most value (-6%) and now stands at $ 0.000046. In contrast, Avalanche and the CryptoCom token won the most.
AVAX is arguably the best performer of the last few days and continues to record back-to-back all-time highs. The latter was $ 138, according to CoinGecko. Additionally, AVAX is now a few inches away from overtaking Dogecoin as the 10th largest cryptocurrency by market cap.
The CRO jumped 12% in one day and is now trading above $ 0.62. It comes after some impressive partnerships announced by the exchange last month.
Other gains come from Gala (33%), Oasis Network (20%), Arweave (15%), Harmony (13%) and Elrond (10%).
The cryptocurrency’s market cap has grown by around $ 50 billion a day and has approached $ 2.8 trillion on CoinGecko.
Bitcoin eyes $ 60K
Bitcoin was losing value for several consecutive days. Since he painted his last ATH at $ 69,000, bears have pushed him south, which peaked with a drop below $ 56,000 on Friday. Interestingly, this became the lowest price in over a month.
However, the cryptocurrency reacted well to this decline. As reported yesterday, it bounced back and added almost $ 3,000. After recouping $ 58,000, he continued to climb and came close to $ 60,000 a few hours ago.
So far, it has declined slightly and is around $ 59,000. Its market cap once again exceeded $ 1.1 trillion, but altcoin dominance declined slightly to just over 42%.
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