Crypto Market Cap Regains $2 Trillion While Bitcoin Touched $45K (Weekend Watch)

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Bitcoin continued to climb yesterday, registering a new three-week high at just over $45,000. However, on a daily scale, most alternative coins have lost some traction, but crypto market cap has reclaimed the coveted $2 trillion.

Bitcoin hit $45K

Bitcoin’s price trajectory in recent days has been mostly upward. The asset scared the bulls Monday that it could dip below $40,000 for the first time in a week, but they regained control of the market and pushed BTC north.

As a result, bitcoin jumped several thousand dollars and soared above $43,000. After a brief retracement in the next 24 hours, BTC went back on the offensive, winning back $44,000, as reported yesterday.

The uptrend continued for the past 24 hours and the cryptocurrency briefly reached and briefly crossed $45,000. This became the highest price tag since March 2.

As of now, BTC is trading around $44,500, but its dominance over the altcoins has increased slightly to just over 42%. The market cap has reached nearly $850 billion.

BTCUSD. Source: TradingView

Alts See small losses

The alternative currencies have largely mimicked BTC’s performance of late, including yesterday’s price gains. Today, however, most have stalled or charted a slight decline.

Ethereum is among those with a small decline, but the second largest crypto remains above $3,100. Binance Coin, Ripple, Cardano, Dogecoin, Avalanche, Dogecoin and Shiba Inu have caused similar price moves.

Solana and Terra lost a little more value one day, but SOL is still above $100 while LUNA has remained north of $90.

CRO is among the biggest losers, with a daily decline of 7%. Nevertheless, the asset is still above $0.4.

The mostly positive market moves over the past week or so helped the cumulative market cap of all crypto assets soar to $2 trillion for the first time in more than a month.

Cryptocurrency market overview. Source: Quantify Cryptography

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Cryptocurrency Charts by TradingView.

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