While some altcoins like MATIC, ETC, AVAX, and OKB are up by double-digits, ETH (Ethereum) and BTC (Bitcoin) have charted new monthly highs.
The bulls’ control over the market continues as bitcoin spiked to a replacement monthly high above $22,400. Some altcoins also are well within the green, with ETH charting an area peak of its own at almost $1,500. MATIC has soared by double digits.
ETH, MATIC, AVAX, ETC Lead
The past several days have gone quite well for many altcoins, and Ethereum has led the charge. Perhaps fueled by the recent 9th shadow fork going live, ETH has been on a roll. The asset dropped to around $1,000 on July 13 but has added almost 50% important since then and is now near $1,500. This comes after another 9% increase within the past 24 hours.
Some other larger- and mid-cap alts have impressed on a daily scale. MATIC is among those because it has soared by 18% to $0.9. Moreover, the asset is up by over 65% in a very week.
ETC has seen an analogous percentage surge in a very day and now trades at $23. OKB and AVAX are up by around 10% to $14 and $24, respectively.
Although diminished, BNB, XRP, ADA, SOL, DOGE, DOT, and Shiba Inu also are performing well.
The cumulative Market Cap of all crypto assets has added over $100 billion within the past two days. As a result, the metric has soared above $1 trillion for the primary time in weeks.
Bitcoin’s New Monthly High
The primary cryptocurrency also dumped hard on July 13, propelled by the newest US CPI numbers. At the time, the acute volatility pushed the asset to below $19,000.
However, the landscape is sort of different now. Bitcoin reacted well to the present drop and began reclaiming value rather immediately. As such, it surpassed the $20,000 mark by the weekend and even jumped towards $21,000.
The past 24 hours clothed to be quite bullish still. Bitcoin added quite $1,500 and soared to almost $22,500 where it’s currently located. this can be BTC’s highest index number in over a month.
As a result, bitcoin’s market cap has neared $430 billion, while its dominance over the altcoins stays still at 42%.
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