Bitcoin Maintains $46K, Terra (LUNA) Soars 9% to New All-Time High (Market Watch)


Bitcoin has calmed once again over the $46,000 mark, while some altcoins have reduced its dominance over the market with impressive gains. Terra is among those as LUNA soared by almost 10% in a day and charted a new all-time high at close to $120.

Terra’s Latest ATH

Most altcoins experienced enhanced volatility a couple of days ago, went back on the offensive yesterday, and have stalled today.

Ethereum, for example, dipped to $3,300 before it shot up to just over $3,500 yesterday. This became its highest price tag in three months. As of now, the second-largest crypto has calmed around $3,500.

Terra is the most significant gainer from the top 10 coins with a 9% increase. Consequently, LUNA registered a new all-time high just days after the previous one. According to CoinGecko, the latest peak comes at just shy of $120.

NEAR Protocol and Cosmos have also painted substantial price increases on a daily scale. As such, NEAR sits at $17, while ATOM trades above $32.

Binance Coin, Solana, Ripple, Cardano, Avalanche, Polkadot, Dogecoin, and Shiba Inu have displayed more modest price movements.

Moonbeam has surged the most from the top 100 coins with a 24% pump. ECash, Secret, Convex Finance, and Helium are next.

The crypto market cap has added around $30 billion since yesterday and stands at around $2.160 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Bitcoin Chills at $46K

Bitcoin also went through a massive price drop at the end of the week by dumping from $47,500 to a multi-day low of just over $44,000.

Related:  Bitcoin Cash, Tron, MANA Price Analysis: 15 May

However, the bulls intercepted the move and pushed the asset north almost immediately. As such, BTC spiked to just over $47,000 hours later but failed to maintain that level and retraced by around a thousand dollars.

As of now, the cryptocurrency has regained some value again and sits around $46,400. Its market capitalization has remained well below $900 billion, while its dominance over the altcoins has been reduced to under 41% due to some of their gains.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

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.


Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: