BTC Goes Beyond $60K
Bitcoin’s price recovery continues as the asset surged past $60,000 and approached $63,000 for the first time since the weekend.
Following a market-wide crash at the end of last week, CryptoPotato reported that BTC’s price plummeted from over $66,000 to a 6-month low of $49,500 in just a few days.
However, Bitcoin began recovering almost immediately:
- Jumped to $53,000 on Tuesday
- Climbed to over $57,000 by Wednesday
- Minor retracement on Thursday
- Skyrocketed to over $60,000 today, nearing $63,000
Although it slightly retraced, Bitcoin remains over 6.5% up on the day, trading around $61,000. Its market capitalization has reclaimed the $1.2 trillion mark, with its dominance over altcoins rising to 53.9%.
ETH on the Rise
Ethereum’s native token was among the hardest hit during the recent crash, coming close to falling below $2,000. However, Ethereum has shown a strong recovery in the following days. In the past 24 hours alone, ETH has surged more than 10% and is now trading well above $2,600.
Other notable gainers among larger-cap altcoins include DOGE, SHIB, and AVAX. In contrast, XRP has retraced slightly after its significant surge following a $125 million fine imposed by a US judge in Ripple’s legal battle with the SEC.
Overall, most larger- and mid-cap altcoins are experiencing gains, contributing to an increase in the total market cap, which has risen to $2.234 trillion, according to CoinGecko (CG).
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