Top Crypto Highlights: Bitcoin, Binance, Ethereum, Solana & Ripple

BTC Climbs Back Above $55K

The past week has been highly volatile and largely bearish for Bitcoin. The leading cryptocurrency dropped from nearly $60,000 on Tuesday to a monthly low of under $53,000 by Friday evening. During this period, Bitcoin made several attempts to climb higher, but the landscape shifted dramatically following the release of the U.S. jobs report on Friday afternoon.

Shortly after the report was released, Bitcoin surged from $55,500 to $57,000 within minutes. However, this upward momentum was short-lived as the asset quickly reversed course, plunging by more than $4,000 in just a few hours, resulting in millions of dollars in liquidations across the market.

Over the weekend, Bitcoin began a slow recovery amid speculation that it had reached a bottom. The cryptocurrency spent much of the weekend hovering around $54,000. The new week started on a positive note, with Bitcoin climbing above $55,000 for the first time since the previous Friday. This increase of more than 1% in a single day has pushed Bitcoin’s market capitalization to $1.090 trillion. However, its dominance over altcoins remains relatively low, just above 53% according to CoinGecko (CG).

Toncoin on the Rise

Toncoin (TON) has been one of the worst-performing cryptocurrencies over the past few weeks, primarily due to the arrest of Telegram’s CEO, Pavel Durov, in France. Despite this, TON has emerged as the top gainer among the top 20 cryptocurrencies today, surging by 6.4% and reclaiming the $5 level.

Other significant gainers from the larger-cap altcoins include Fetch.ai (FET) and Aave (AAVE). FET has risen by 5.5%, while AAVE has jumped by an impressive 9%.

Minor Gains for Other Altcoins

Several other altcoins have also posted minor gains today:

• Ethereum (ETH)
• Binance Coin (BNB)
• Dogecoin (DOGE)
• TRON (TRX)
• Cardano (ADA)
• Shiba Inu (SHIB)
• Bitcoin Cash (BCH)

Meanwhile, Chainlink (LINK), Uniswap (UNI), Avalanche (AVAX), and Near Protocol (NEAR) have each added around 3-4% to their daily values.

Total Crypto Market Cap Surges

The overall cryptocurrency market is showing signs of recovery as well. The total crypto market capitalization has jumped by $30 billion since yesterday, reaching approximately $2.050 trillion according to CoinGecko (CG).