Crypto Markets Add $80 Billion Daily as Bitcoin (BTC) Explodes to $71K (Market Watch)

After failing to overcome the $70,000 level on Monday, Bitcoin went on the offensive in the last few hours and rose past that level and reached a multi-week peak of over $71,250.

Altcoins have also turned green, with huge gains from the likes of Binance Coin, Toncoin, Shiba Inu, Uniswap and others.

BTC is experiencing a two-week peak

Price fluctuations at the end of last week could not predict what will happen at the beginning of this week. At that time, Bitcoin stopped at $69,000 and pushed south to $66,600. The bulls were able to claw back some of their gains over the weekend, and Bitcoin reached just under $68,000.

The landscape began to change on Monday when the cryptocurrency jumped to just over $70,000, but then stalled again and fell below $69,000.

However, the bulls were quite persistent this time and pushed another rally on Tuesday evening and Wednesday morning which took Bitcoin price to its highest price level in over two weeks at $71,300. This came amid massive inflows into most US Bitcoin ETFs.

As of now, BTC is worth over $70,000, and has a market cap of $1.4 trillion. Its dominance on alts stands at the same place at 50.4% on CG.

BNB's new ATH

Perhaps the most well-known altcoin gainer today is Binance Coin. After months of staying on the sidelines and out of the meme mania, BNB jumped nearly $100 in the past day and hit a new all-time high of $715 earlier today, closing the gap with Tether in its battle for position. the third. The largest cryptocurrency.

Other impressive gainers include Toncoin (10%), Shiba Inu (9.6%), NEAR (6.7%), UNI (17.6%), WIF (7.7%), and CRO (6%).

ETH, XRP, ADA, LINK, TRX, DOGE, SOL, and DOT are also in the green but in a more modest way.

The total cryptocurrency market cap added nearly $80 billion in a single day and is now approaching $2.8 trillion on CG.