Bitcoin’s positive price performances continued in the past 24 hours as the asset jumped above $48,000 and marked a new monthly peak.A lot can change in the cryptocurrency market within a week, and this is what happened to BTC in the past seven days. Last weekend, the asset had recovered from the most recent declines and stood at around $43,000.
The next several days were highly uneventful, and Bitcoin remained at that level aside from a few brief and minor pumps and dumps. However, the landscape finally started to change Wednesday evening and especially Thursday morning when BTC broke above its tight trading range and jumped to $45,000.past $47,000 and even briefly $48,000. In fact, the cryptocurrency charted a new monthly high of $48,200 late last night.This is all you need not to miss any price action in the raging crypto markets.
Binance Coin, Ripple, Tron, Dogecoin, Polkadot, Chainlink, and Polygon are also with minor gains of around 1%. Avalanche has soared the most from the larger-cap alts. AVAX is up by almost 9% and now trades close to $40. Further gains from the mid-cap alts come from the likes of IMX , KAS , and TAO . The total crypto market cap has added another $30 billion overnight and now sits close to $1.8 trillion on CMC.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.
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