The crypto market landscape is significantly greener today, with substantial gains seen from BTC, XRP, ETH, and others.
This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Nevertheless, BTC reacted rather positively to this drop. In the hours that followed, it has added more than $1,000 and currently sits at around $19,500. Its market cap stands at $375 billion, while its dominance over the altcoins has taken a breather and is close to 40%.
After the Merge took place last Thursday, Ethereum’s price headed south violently and dumped by over $300 in days. As a result, ETHto a multi-month low of under $1,300 yesterday. Now, though, a 6% daily increase has pushed the second-largest crypto to almost $1,400. Binance Coin also dropped hard, but a similar daily increase has driven it now to north of $270. Cardano, Solana, Dogecoin, Polkadot, Shiba Inu, Polygon, and Avalanche are also well in the green from the larger-cap alts.
Ripple is today’s best performer following the latest developments in its case against the SEC. XRP is up by more than 10% and trades closely to $0.4. The lower- and mid-cap alts have seen notable price increases as well, leading to a $40 billion rise in the overall crypto market cap. Nevertheless, the metric is still quite a long way away from the coveted $1 trillion mark.
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