Following the latest all-time high charted yesterday, bitcoin has lost some traction and has dipped below $67,000. Most altcoins have also retraced, aside from Litecoin. LTC has marked another impressive increase and has tapped a new six-month high.
Bitcoin Calms Above $66K
During the weekend, which was just three days ago, the price of the primary cryptocurrency had dipped to $60,000. This was the third consecutive such drop in a week.
However, the situation quickly changed, and BTC started to appreciate in value rapidly. In just a day, the asset skyrocketed by $4,000 and came inches away from its October peak of $67,000.
Although it was unable to break it at first, bitcoin initiated another leg up in the following hours and peaked at $68,700, which became the new all-time high.
Since then, though, the asset has lost some ground and has now dipped below $67,000. Nevertheless, its market capitalization stands above $1.250 trillion, while the dominance over the altcoins has increased to 44%.
Alts Retraced But Not LTC
Most of the altcoin space also charted impressive gains in the past several days, including new all-time highs. Ethereum was one of those that saw new records at nearly $4,900. However, the second-largest crypto has also dipped since then and currently trades just over $4,700.
The rest of the larger-cap alts are also in the red. These include Binance Coin, Solana, Cardano, Ripple, Polkadot, Dogecoin, Shiba Inu, and Terra.
Avalanche, on the other hand, has increased by 3% and is close to registering yet another ATH. Nevertheless, Litecoin is the best performer here once again. LTC has surged by another 7% in the past 24 hours and has reached a new six-month high above $265.
More gains come from Loopring (52%), IoTeX (35%), Kadena (22%), Livepeer (13%), and Quant (12%).
The cryptocurrency market capitalization is down by around $60 billion in a day, but it’s still above $3 trillion on CoinGecko.
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.
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.
Cryptocurrency charts by TradingView.