BTC Consolidates Further While Avalanche Touched $100 For New ATH

BTC consolidates further while Avalanche touched $100 for a new all-time high as we are reading more in our latest Bitcoin news today.

Following the past few days of enhanced volatility, BTC consolidates further around $64,000 and most other coins also remained untypically calm in the past 24 hours with Avalanche being the main exception as it surged and touched a new high at $100. last week was going well for the main cryptocurrency as it recovered from its drop to $60,000 and went on to chart new records. It managed to break the $67,000 and did it once more a day later with the latest ATH standing at $69,000.

It couldn’t continue north and it slumped by $6000 in one day and dropped below $63,000. The asset bounced off initially and reclaimed $65,000 before the price drop drove it to a new low of $62,000. BTC recovered some ground and hit $65,000 a few hours ago but it failed to remain here and another multi-hundred dollar retracement to just over $64,000. Bitcoin’s market capitalization has gone over $1.2 trillion once more while the dominance over the altcoins stands at 43% with most other altcoins remaining still. Ethereum lost a minor portion of its value and dropped below $4600 and Ripple and Cardano saw similar price drips which are both tradings at $1.18 and $2.03.

Binance Coin increased by 2% to $640 and Polkadot reached $46 with a 2.3% jump from the Shiba Inu token that drove the meme coin to $0.000053. Terra, DOGE, SOL marked more gains around 4% each and as a result, SOL sits at $235 with DOGE standing at $0.27 and LUNA sitting at about $51. Avalanche surged the most from the bigger cap altcoins with an 11% increase from AVAX means a new ATH for the token set at $100.  KuCoin increased by 13% and Loopring increased by 11%.  Decentraland, Mina, and LEO lost similar percentages in one day. The crypto market capitalization sits at a familiar level that is compared to yesterday’s price range to around $2.950 trillion.

Recently we saw, The entire crypto market cap broke a record as both ETH and BTC charted new highs with ADA soared by 12% in the past 24hours. Bitcoin managed to get to a new high in less than three weeks of $67,000 and set a new one of $69,000 and Ethereum followed suit while painting a new high as well. Cardano gained a new high well as it increased 12% overnight. Three days ago the main cryptocurrency struggled at around $60,000 and the community wondered if that will remain above this level for longer. A lot can change on the market for the next few days as instead of dipping below $60,000 BTC went on the offensive and started increasing fast.