Nach mehreren Tagen der Massaker leitete Bitcoin schließlich einen beeindruckenden Höhenflug ein, der zu einer grünen Tageskerze von 6.000 $ führte. Die meisten Altcoins schlossen sich ebenfalls der Fahrt an, mit massiven Preiserhöhungen von Cardano, Polkadot, Avalancheund andere.
Bitcoin taps $30,000
The volatility of the cryptocurrency market has clearly shown over the past ten days. On May 5, Bitcoin was near $40,000 with the community anticipating another jump in price.
But the reality was much more brutal and violent. BTC first fell by $4,000 in hours before slipping below $34,000 just days later. After marking this multi-week low, Bitcoin continued to decline, falling below $30,000 on May 10 for the first time since last July.
Despite the initial recovery, the predominantly declining market sentiment brought the cryptocurrency south again. This culminated in a sharp price drop yesterday to $25,300 – the lowest position BTC has been in since December 2020.
At this point, however, the bulls recalled their presence. They intercepted the move and propelled BTC higher. In fact, Bitcoin rose by around $6,000 to an intraday high of $31,000 recorded a few hours ago.
So far, BTC has retreated slightly but still stands above the coveted $30,000 mark. As such, his market capitalization Approximately $600 billion.
ADA, DOT, AVAX lead the Alt Restoration
The alternative coins have during this correction suffered even more, but the market has turned green today.
Ethereum fell to $1,800 yesterday but stayed above $1,900 for most of the day. Now, ETH is well above $2,000 after a 7% daily surge.
Binance Coin also fell hard but is now trading around $300 after a 17% surge. Similar price surges are emerging RippleSolana and Dogecoin.
Cardano, Polkadot, Avalanche, and Shiba Inu have painted even more impressive daily gains. ADA is up 28% and is trading near $0.6, DOT is at $10 (26% higher), AVAX is also up 26% and SHIB (23%) is at $0.000013.
Needless to say, Terra is down another 99% in the last 24 hours and is now below $0.0004.
Still, the crypto market cap has recovered $150 billion since yesterday’s low and is now at $1.3 trillion.
Overview of the cryptocurrency market. Quantify Crypto
Source: Crypto News Deutsch