Bitcoin Pushing For $20K While MATIC Soars 7% (Market Watch)
After a few days of trading sideways around $19,000, bitcoin finally went on the offensive, pushing toward $20,000.
Most altcoins are also with slight daily gains. MATIC and ATOM stand out as today’s best performers, with up to 6.5% increases.
Bitcoin Eyes $20K
Ever since last week’s rollercoaster, which began by the US job report and pushed bitcoin from $19,000 to $18,200 before skyrocketing to $20,000, the primary cryptocurrency has been relatively quiet.
It calmed as the working week was coming to an end, and the weekend brought little-to-no volatility. BTC had declined to $19,000 after a late-Friday rejection at $20,000 and spent Saturday and Sunday trading sideways around the former.
Monday was also an untypically stable day, but the last 12 hours brought more fluctuations. BTC started to gain traction and spiked to $19,700 earlier today. As of now, it has retraced by a few hundred dollars, but on-chain metrics suggest that more volatility will come in the next several days.
Bitcoin’s market capitalization is back above $375 billion, and its dominance over the altcoins has added 0.2% to 40.2% on CoinMarketCap.
MATIC and ATOM Surge
The altcoins saw some minor gains yesterday, and the scenario has repeated once again.
Ethereum had dipped way below $1,200 during the weekend, but two consecutive days of slight increases have pushed the second-largest crypto to $1,330 as of now.
Binance Coin is back at $275 after a 1.2% daily jump. Similar gains are evident from Ripple, Cardano, Solana, Dogecoin, Polkadot, Shiba Inu, and Tron.
Polygon’s native cryptocurrency has surged the most from the larger-cap alts. MATIC is up by 6.5% and trades north of $0.85. ATOM has added 5.5% in a day and sits at $12.5.
The cumulative market cap of all crypto assets is up by around $15 billion in a day and stands at $935 billion.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
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.
Read More: Bitcoin Pushing For $20K While MATIC Soars 7% (Market Watch)
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.