tl;dr
After a period of trading sideways, BTC surged to over $47,000 for the first time since early April 2022, with most altcoins also experiencing gains. Solana and Avalanche saw significant surges, while Ethereum and BNB also showed increases. The total market cap gained roughly $100 billion within 24 ...
After a period of trading sideways, BTC surged to over $47,000 for the first time since early April 2022, with most altcoins also experiencing gains. Solana and Avalanche saw significant surges, while Ethereum and BNB also showed increases. The total market cap gained roughly $100 billion within 24 hours, marking significant growth in the cryptocurrency market.
Most alternative coins were suffering in the past few days, but not today. Solana was among the biggest underperformers, as it had slumped to under $90 at one point. A 12% surge on a daily scale, though, has pushed SOL to over $100. Avalanche has soared by a similar percentage and trades well above $35. Cardano, Polkadot, Polygon, Bitcoin Cash, ATOM, and ICP have produced impressive gains as well. Ethereum is close to $2,300 after a 3% daily increase, while BNB is above $300 following a 2% jump. The cumulative market capitalization of all crypto assets has gained approximately $100 billion overnight and is up to $1.720 trillion on CMC.
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