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 Last HUD
Most altcoins saw heightened volatility a few days ago, came back on the offensive yesterday, and 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 biggest gainer among the top 10 coins with a 9% increase. Consequently, LUNA recorded a new all-time high just a few days after the previous one. According to CoinGecko, the latest peak comes in at just under $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.
Top of Form
Binance Coin, Solana, Ripple, Cardano, Avalanche, Polkadot, Dogecoin, and Shiba Inu posted 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 capitalization has added around $30 billion since yesterday and stands at around $2.160 billion.
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.
However, the bulls intercepted the move and pushed the asset north almost immediately. As such, BTC hit just over $47,000 hours later, but failed to hold that level and pulled back 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.
