After another dip to just over $60,000, bitcoin has regrouped and currently stands close to $63,000. More impressive price performances come from some altcoins as Polkadot tapped a new all-time high hours ago, and Decentraland has entered the top 50 coins by market cap.
Ethereum tapped a new all-time high last week above $4,450 but retraced in the following days and lost over $200. However, it reacted well to the latest price slumps and has returned above $4,350 as of writing these lines.
Binance Coin has gradually increased in value ever since it broke above $500 last week. As of now, BNB stands above $540. Terra, Avalanche, Chainlink, and Litecoin have marked minor gains on a 24-hour scale.
Polkadot is the most significant gainer following an 11% increase. Consequently, DOT marked a new all-time high just hours ago at just over $50.
In contrast, Dogecoin, Ripple, Solana, and Cardano are slightly in the red from the larger-cap alts.
Decentraland, riding the waves of Mark Zuckerburg’s metaverse announcement, has added another 20% of value in a day. Moreover, MANA is up by more than 300% in the past seven days. As a result, it has become the 35th largest cryptocurrency with a market cap of $6 billion, according to CoinMarketCap.
More gains come from The Sandbox (65%), Loopring (55%), Audius (29%), Chiliz (19%), Ankr (18%), Enjin Coin (17%), 0x (13%), Kusama (12%), and Holo (12%).
The cryptocurrency market capitalization has remained at around $2.650 trillion.
Cryptocurrency Market Overview. Source: Quantify Crypto
The primary cryptocurrency dipped below $60,000 yesterday before it shot up to above $63K. However, it failed to remain there, and the bears drove it back south to around $60,500.
As of now, it has recovered more than $1,000 and is close to $62,000 once more. Nevertheless, the gaining alternative coins have reduced BTC’s dominance over the market. The metric, which was up to 47% just a few weeks ago, is now down below 44%.
Yet, bitcoin’s market capitalization has remained above $1.150 trillion. The asset has been rather neglected from retail’s perspective in the past few weeks, as all eyes were focused on the meme coin mania.
Chart by TradingView
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