Bitcoin (BTC) Moving Close to $47K, Altcoins Also Faced Price Surge

Bitcoin (BTC) Moving Close to $47K, Altcoins Also Faced Price Surge
  • Bitcoin (BTC) reached a multi-month high of almost $47,000.
  • Other Altcoins have undergone a severe correction yesterday.
  • From yesterday’s low Market cap has moved up to $1.860 trillion.

Recently increased volatility in the crypto market continued in the last 24 hours after Bitcoin (BTC) reached a multi-month high of almost $47,000. And other altcoins also faced a price surge in recent days.

Accordingly, for the past few days, the price of Bitcoin seems to be a roller-coaster that is it has faced many ups and downs in price. Similarly, on the weekend BTC’s price from $38,000 is raised to $44,000 but backtracked somewhat on Monday as the Congress vote was supposed to take place. Bitcoin (BTC) falls below $43,000.

After this fall in price, BTC raised to $46,500. Again it dived to $45,000. Also, within few minutes it spiked more than $46,700. This price has become the highest point since the mid-may crash. As mentioned previously, price of the Bitcoin remains a roller coaster.

According to CoinMarketCap, the price of BTC is $46,025 with a 24-hour trading volume of $33,831,059,471 at the time of writing. However, BTC spiked to 1.33% in the last 24 hours.

Altcoins Price Surge

Other Altcoins have undergone a severe correction yesterday after that the trend was reversed. On a 24-hour scale, Ethereum is among the best performers. Furthermore, it dropped from a multi-month high of its own at $3,200 to just over $2,900 in a day. But now it jumped to the price of $3,150.

Moreover, the cumulative market capitalization has added only $100 billion from yesterday’s low it has moved up to $1.860 trillion.

Other Altcoins also faced a price surge in recent days. Similarly, Binance Coin (4%) has also recovered some ground and is now remains at $355. ADA (4%) has roughly $1.5, Ripple (3%) remains more than $0.80. Likewise, Bitcoin Cash (BCH), Dogecoin (DOGE), Polkadot (Dot), Solana (SOL), and Chainlink (LINK) have a noted similar raise of similar 5-6%

Additionally, Ravencoin leads the trend, it has exploded 40%. Internet Computer (20%), Harmony (17%), Voyager Token (15%), Elrond (12%), Avalanche (12%), SushiSwap (11.5%), Telcoin (11%), and FTX Token (10%).

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