After today’s rally past $94,000, BTC has recovered roughly twenty grand in just over two weeks since the massive crash on April 7 and 9 when it plunged below $75,000.
Many altcoins have marked explosive gains over the past 24 hours as well, including ETH, which has soared by 10%, and SUI, which has skyrocketed by almost 30%.
BTC Above $94K
A lot can change in the cryptocurrency space within the span of just a few weeks. Recall that the primary cryptocurrency plunged hard on April 7 and 9 due to the ongoing tariff madness started by the US to under $75,000 to mark a five-month low.
However, the overall improving conditions, including a tariff pause for most countries, helped the asset begin its recovery. Last week, it traded about $10,000 higher than its low, but the beginning of the new one brought even more impressive gains.
After trading sideways during the weekend at around $84,000, BTC went on the offensive on Monday and pushed above $87,000. It kept climbing in the following days and broke past $90,000 yesterday. That was still not the end as the cryptocurrency flew to over $94,000 earlier today for the first time since early March.
Its market capitalization has shot up to $1.870 trillion on CoinGecko, while its dominance over the altcoins remains strong at over 61%.
Altcoins Back in Green
The altcoins, which struggled for a while, have finally managed to recapture investors’ attention and posted massive gains over the past day. Ethereum, which has been among the leaders in terms of underperformance, has soared by 10% and tapped a multi-week peak of its own at $1,800.
Double-digit gains are evident from ADA, DOGE, AVAX, LINK, XLM, SHIB, and many others. SUI has stolen the show from the larger-cap alts. The asset has exploded by over 27% in the past day and sits close to $3.
XRP, SOL, HBAR, TON, and LTC are also well in the green, but in a more modest single-digit manner.
The cumulative market cap of all crypto assets has soared by roughly $200 billion daily and sits above $3.050 trillion now.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.