Bitcoin Touched $68,600 For its New ATH: Cardano Soars 12% (Market Watch)


It took bitcoin less than three weeks to break its own ATH of $67,000 and set a new one at nearly $69,000. Ethereum followed suit and painted a new record as well, while Cardano has gained the most from the larger-cap alts with a 12% surge.

BTC’s New ATH Came Hours Ago

Just three days ago, the primary cryptocurrency struggled at around $60,000, and the community wondered if it will be able to remain above that level for long.

However, a lot can change in the market for three days. Instead of dipping below $60,000, bitcoin went on the offensive and started to gain value rapidly.

As reported yesterday, BTC skyrocketed by several thousand dollars and reached $66,000. It was inches away from breaking its record at $67,000. After spending some time below that line, it finally did so and charted a new peak at $68,600 (on Bitstamp).

As of now, BTC has retraced by a few hundred dollars, but its market capitalization is just shy of $1.3 trillion. The dominance over the altcoins has increased slightly to 43.7%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

ETH New ATH: ADA Up 12%

The second-largest cryptocurrency also saw a new record in the past 24 hours. A few days ago, ETH had dipped below $4,500, but the bulls stepped up and pushed it north. The latest leg up resulted in Ethereum touching $4,860, which became the new ATH.

Binance Coin, Solana, Ripple, and Polkadot are also slightly up on the day. Shiba Inu and Terra have added around 4% of value. Cardano has surged the most from the top ten coins, with a 12% increase to nearly $2.3.

Litecoin, on the other hand, has skyrocketed by 19% in a day to $250. In contrast, Dogecoin and Avalanche have marked minor losses.

Further gains come from Livepeer (56%), Loopring (39%), Basic Attention Token (23%), Helium (23%), Dash (13%), VeChain (13%), Curve DAO Token (11%), and The Graph (10%).

According to CoinGecko, the cryptocurrency market cap saw a new record as well at around $3.1 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Cryptocurrency charts by TradingView.


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