After a few days of freefalls and touching a 2-week low, bitcoin has bounced off and is close to $44,000. The altcoins are also slightly in the green today, but NEAR Protocol has stolen the show with a massive double-digit surge.
CryptoPotato reported bitcoin’s recent price movements, which were primarily going south. The asset spiked above $47,000 on a few occasions up until April 5, before the bears took complete control over the market.
A day later, BTC found itself dipping below $45,000, and the situation worsened yesterday – April 7. This time, bitcoin dumped by another two grand to a daily bottom of $42,800. This became its lowest price point since March 24.
However, the cryptocurrency bounced off at that point and started to regain traction. As of now, it stands close to $44,000, which means that it has added around $1,000 in the past 24 hours.
Nevertheless, its market capitalization has slipped below $850 billion. It’s worth noting that the metric was above $900 billion until about a week ago.
BTCUSD. Source: TradingView
The altcoins also suffered in the past few days, but most are slightly in the green today. Ethereum dumped to around $3,200 just days after charting a three-month high above $3,500. As of now, a 2% daily increase has pushed the second-largest cryptocurrency to approximately $3,300.
Binance Coin, Solana, Ripple, Cardano, Polkadot, Dogecoin, and Shiba Inu have also produced minor daily increases. Avalanche is up by 4.5% after a $200 million token swap with Terra. Interestingly, the latter’s native cryptocurrency (LUNA) is down by a similar percentage on a 24-hour scale.
NEAR Protocol has seen the most impressive surge today, with a massive 24% jump. Consequently, NEAR is close to $20 and to its ATH of $20,44 (according to CoinGecko).
The crypto market cap is down by $150 billion in the past three days and now sits at just over $2 trillion.
Cryptocurrency Market Overview. Source: Quantify Crypto
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