The cryptocurrency market starts this week nicely colored green. Most of the top 100 crypto, including bitcoin (BTC), is in the plus this morning. A number of cryptos break out and several rates are 10% in the plus if not more. Total market capitalization this morning comes in at a staggering $2.45 trillion. We are slowly getting closer to the May peak. Large as well as small investors continue to accumulate:
It seemed from the weekend that bitcoin might struggle to break through $50,000 for longer. Yet it happened late last night. The BTC price initially fell below $50,000 yesterday morning, but then slowly started to climb. Towards midnight, bitcoin suddenly made a significant jump and the price shot through from $50,380 to $51,750. Moveco.io has enough information. Bitcoin then continued to swing between $51,500 and $52,000 for the rest of the night. The last time bitcoin broke through $50,000 back in February, the price also encountered a small resistance around the current $51,700, but then shot straight to around $58,000. Despite the fact that bitcoin is picking up strongly, several altcoins are rising even faster, keeping the dominance below 40%.
Altcoin’s top 10
Ethereum (ETH), cardano (ADA) and binance coin (BNB) are lagging a bit today. Ether also made a big jump late last night, touching close to $4,000, but then corrected back down right away. Ether dipped back to $3,900 this morning where the price has been hovering since Friday, but is slowly climbing back to $3,950 at the time of writing.
Cardano also rose sharply last night. The ADA price jumped from $2.86 to $2.95. However, then ADA corrected back down and the price returned to $2.87. ADA is slowly rising to USD 2.90 this morning. We also see the same somewhat with binance coin. BNB briefly rose to a high of $508 from $495 late last night, but then fell back to $495. This morning, BNB takes another $500.
Ripple (XRP), on the other hand, has risen sharply in the past 24 hours. That is because the XRP price, just like bitcoin, did not immediately correct downwards last night. XRP was still around $1.25 Sunday morning and peaked at around $1.33 last night, up 6.4%. For now, XRP is holding up above $1.32. Dogecoin (DOGE) also shows a slightly more positive trend and rose from $0.30 to $0.31
Solana (SOL) had another massive rally last week, but corrected slightly lower on Sunday, slipping briefly to $135. From there, SOL started to rise again, and the price comes in at $146 this morning. That is not yet as high as Saturday’s ATH, but there may be a new record this week, however, the trading volume is starting to decrease considerably. Folm.io has enough information. Polkadot is the fastest climber in the top 10 largest crypto today. The DOT price was still at $32.2 yesterday morning and is at $34.5 this morning, an increase of 7.1%.
Hardest climbers top 100
Outside the top 10, we see several prices rising even faster. Amp (AMP), cosmos (ATOM), bitcoin cash (BCH), eos (EOS) and huobi token (HT) are all about 10%, in the plus today. FTX token (FT), algorithm (ALGO) and chainlink (LINK) are even 14% in the plus. Qtum (QTM) and fantom (FTM) are up more than 15% in the last 24 hours. Omg network (OMG) and filecoin (FIL) are both even 25% in the plus today. Quant (QNT) is currently the fastest riser on the market from the top 100. The QNT price is up 44% today and 85% compared to a week ago.