The crypto market cap is up to almost $1 trillion, as Ethereum Classic has soared by 33% and BTC stands at a weekly high.
Bitcoin kept climbing after yesterday’s minor retracement and jumped above $21,500 to mark a new weekly high. The altcoins are well in the green as well, with ETH charting a monthly peak and other notable increases from Solana, Polkadot, MATIC, BNB.The past seven days weren’t going well for the primary cryptocurrency. The asset was rejected at $22,000 earlier and was gradually losing value.
The situation worsened mid-week when the US announced the new CPI numbers . Bitcoin reacted with immediateHowever, it began its recovery shortly after and came knocking on the $20,000 door a few days later. It took a few attempts but finally reclaimed the coveted level and kept climbing.at $21,000 yesterday, the bulls returned to the scene and pushed BTC north of that line. As of now, bitcoin stands just above $21,500 after charting a new weekly high.
BNB, Ripple, Cardano, Dogecoin, Shiba Inu, Tron, LEO, and Litecoin are also well in the green from the larger-cap alts. Ethereum Classic is among the best performers from the lower- and mid-cap altcoins, being up by 33% on a daily scale. ETC now trades close to $20. With most other alts charting notable gains, the crypto market cap has added over $60 billion in a day and sits near the coveted $1 trillion mark.
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