Bitcoin Hits 10-Day High, Dogecoin Surges 9%
Bitcoin has hit its highest price tag in more than 10 days, and Dogcoin is the most impressive winner today.
Bitcoin has been climbing over the past 24 hours and has reached a 10-day high just under $22,000. Most cryptocurrencies have retreated slightly in the same timeframe, except for Dogcoin, which is up more than 9%.
Bitcoin Slumps to $22K
After bottoming at $17,500 last Sunday, an 18-month low, the primary cryptocurrency began its recovery on Monday and quickly reclaimed the coveted $20,000 line. It dipped below a few times in the next couple of days but stood north of it for longer periods.
The bulls even attempted to push it further upwards, but BTC was stopped at $21,500 mid-week. Nevertheless, another leg up came in the past 24 hours that saw an even higher price tag.
After mainly staying calm during the weekend, bitcoin went on the offensive and reached $21,900 (on Bitstamp) – this became the highest price line BTC had seen since June 16.
However, it was rejected there and retraced by over $1,000 in hours. As of now, it has reclaimed some ground and stands above $21,000. Its market capitalization has remained above $400 billion, while the dominance over the altcoins sits still at 42.5%.
DOGE Takes the Lead
Similar to bitcoin, most altcoins remained relatively calm during the weekend. Nevertheless, the start of this week brought some good news for Ethereum as it managed to break its longest negative streak of 11 consecutive weekly candles in the red.
This happened after ETH recovered more than $300 in the past seven days and jumped above $1,200.
However, in the daily range, most alternatives are slightly in the red. This includes Cardano, Ripple, Polkadot, Solana and the most recent successor – Shiba Inu.
In contrast, TRON is up about 6% to nearly $0.07. Dogecoin has stolen the show from the larger cap alts, rising 9%. As a result, DOGE is now close to $0.08.
The crypto market cap also remained calm on a daily scale, at just above $950 billion.