Bitcoin has finally surpassed the $26,000 mark after days of trading sideways.
Most altcoins, including SOL and CRO, have also seen slight gains in value.
BTC Above $26K
Last week, Bitcoin experienced increased volatility with significant price fluctuations. By Friday, it settled below $26,000. The weekend and the start of the business week were uneventful in terms of price movements, with BTC trading within a tight range between $25,600 and $26,000. However, on Wednesday, BTC briefly slipped to $25,400 before bouncing back near $26,000. Despite failing to reclaim that level, Bitcoin has currently jumped to a multi-day peak at $26,400 and continues to trade above $26,000.
Bitcoin’s market cap has increased to $510 billion, and its dominance over altcoins has risen to 48.5% on CMC.
Furthermore, Glassnode reported that the number of investors holding 10 or more BTC has reached an all-time high.
On a daily scale, most alternative coins have seen slight gains as well. ETH and BNB are up by just under 1% and are trading at $1,650 and $217, respectively.
Similar gains can be observed from Cardano, Dogecoin, Tron, Polkadot, Shiba Inu, and Litecoin. Solana and Ripple have increased by around 1.5%. CRO has shown the most significant gain among the top 36 altcoins, surging by over 3%.
The native token of the XDC Network has emerged as the top performer among the top 100 crypto assets, experiencing a 6% increase, followed by Render with 4%.
In total, the cryptocurrency market cap has added a few billion in a day and has reclaimed the $1.050 trillion level.