Fantom (FTM) Spikes 13%

Following a number of days of spectacular worth surges and consecutive multi-month highs, bitcoin has calmed barely however nonetheless stands above $60,000. Most altcoins are additionally untypically stagnant, except Fantom, which has surged by 13% in a day.

BTC Stays Above $60K

The first cryptocurrency had dipped beneath $54,000 simply 4 days in the past earlier than a recent set of reports regarding the SEC approving a Bitcoin ETF within the States propelled a large leg up.

BTC initially reconquered $58,000 – a stage which was beforehand unable to – and stored climbing upwards. It confronted some resistance on the psychological stage of $60,000 however finally managed to interrupt above it decisively on Friday and Saturday.

The push culminated in reaching $63,000, which turned the best price ticket since April. After coming roughly 3% away from its all-time excessive, although, the bears got here to play and drove BTC south once more.

Within the following hours, bitcoin misplaced about $3,000 of worth to round $60,000 however, as of now, has remained above that coveted stage. Its market capitalization has dipped to simply shy of $1.150 trillion, and the dominance over the alts stands above 46%.

BTCUSD. Source: TradingView
BTCUSD. Supply: TradingView

Alts Stall: FTM Surges

In an untypical style, most different cash have additionally remained calm after the current beneficial properties. Ethereum took a swing at $4,000 simply days after falling beneath $3,500 however to no avail. It was stopped in its tracks at simply over $3,900 and at the moment sits beneath that stage.

Binance Coin has been among the many most spectacular performers as of late, however a 2.7% decline since yesterday has pushed the asset to $465.

Cardano, Ripple, Polkadot, Dogecoin, Terra, and Litecoin are additionally within the purple from the larger-cap alts. In distinction, Solana and Uniswap have marked minor beneficial properties.

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

Most lower- and mid-cap alts have additionally failed to provide large fluctuations. Fantom is among the many only a few exceptions. FTM has surged by greater than 13% in a day and has tapped $2.25.

In the end, the crypto market cap has shed off $40 billion from yesterday’s excessive and is at the moment beneath $2.5 trillion.


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Cryptocurrency charts by TradingView.

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