Bitcoin Marks 10-Day High While SHIB Soars 8%: Analysis

Bitcoin marks 10-day high while SHIB soared 8% and the rest of the altcoins are also in the green as we can see more in today’s latest altcoin news.

Shiba Inu and Terra are up by 10% and BTC registered another minor increase over the past 24 hours jumping to a 10-day high of $42,500. most of the altcoins are in the green with Shib and Terra leading the way with up to 8% gains.

After the enhanced volatility BTC went through last week, it soared by $3000 in minutes but then retraced and calmed down later on. In fact, it stood around the coveted $40,000 mark for a few days before launching an impressive leg up on Friday. This resulted in surpassing $41,000 and even hitting $42,000 but it could maintain the level for a long time and drop once again. BTC stood around the coveted $40,000 level for a few days before initiating another impressive leg up. This even resulted in hitting $42,000 but it was unable to maintain the level for a long time and dipped once again. However now, Bitcoin marks a 10-day high as the bulls’ pressure on

As of now, the asset lost traction and now stands around $42,000 and as such, the market cap neared the $800 billion mark. The alternative coins performed well and most of them are in the green. Ethereum remained above $2900 despite failing to reach $3000 and Binance Coin touched $400 but then slipped under this level. Solana, Cardano, Ripple, Polkadot, Dogecoin, and Avalanche all marked some gains as well. However Shiba Inu, Terra stole the show with LUNA being up by more than 7% and now sits at $95 while SHIB hit $0.000024 marking an increase of 8%.

From the low and mid-cap altcoins, ethereum classic stands out with a huge 21% surge and now ETC trades above $35 with Loopring following a 19% increase and NEO increasing by 11%. The crypto market cap remained still on a 24-hour scale and reached $1.9 trillion.

As we saw yesterday, Bitcoin saw a brisk upwards action during the Wall Street trading session and conformed to predictions that the higher levels will see a retest. The data from TradingView followed BTC/USD and advanced $1650 from the daily lows to matching the $41,700 high. The move buoyed traders who started to reinforce the short-term view of levels near the top of BTC’s 2022 trading range that was challenged.