Bitcoin kept climbing in the past 24 hours and tapped $45,000 to mark its highest price line in roughly three weeks. Most altcoins have calmed now, excluding Terra and Solana. Both are up by more than 6% and stand at $95 and over $100, respectively.
Bitcoin touched $45,000
The volatile rollercoaster of the crypto market has continued over the past 24 hours, driven by bitcoin’s moves. The asset had fallen to just over $34,000 last week when Russia launched its special military operation against Ukraine.
However, as the Western leaders refused to get directly involved in the war, BTC began its rapid recovery. In a matter of hours, the cryptocurrency regained all lost value and even took a swing at $40,000 but to no avail at first.
Still, it broke above that coveted level the next day and continued to climb to $44,000, as shown. Moreover, it even touched $45,000 yesterday, which became its highest price line since February 10.
As of now, bitcoin has lost some ground and stands around $44,000. Nevertheless, its market capitalization remains well above $800 billion.
Stall of Altcoins: LUNA and SOL Soar
Altcoins have also hit a blistering pace lately after the war, but most have calmed down on a 24-hour scale. Ethereum is among the top performers as it surged from $2,200 to $3,000 in less than a week. The second largest crypto is still located near this level although it is not yet able to recover it.
Binance Coin, Ripple, Cardano, and Polkadot are slightly in the red, while Dogecoin, Shiba Inu, CRO, and MATIC have marked minor gains.
Terra and Solana have won the most since yesterday. LUNA is up 6% and is near $95, while SOL has climbed 7.5% and is trading above $100.
There’re two double-digit gainers from the top 100 coins – THORChain (30%) and Anchor Protocol (12%).
The crypto market capitalization approached $2 trillion yesterday, but it is nowhere near that level now.
