Bitcoin pushed $63K price range and has been relatively calm since yesterday with DOT Registering a new high and Decentraland’s MANA tapping into a double-digit price surge so let’s take a closer look at today’s cryptocurrency price news and analysis.
After another dip, Bitcoin pushed $63K price range with the more impressive price performances coming from other coins like Polkadot and Decentraland. DOT tapped a new high a few hours ago and Decentraland entered the top 50 coins by market cap. Etheruem tapped a new high as well a week ago above $4450 but retraced in the next few days and lost over $200 but it did react well to the latest price swings as it returned to above $4350 in a matter of hours. Binance Coin increased gradually in value as well after it managed to break the $500 price point. As of now, BNB stands above $540, and Terra, Chainlink, Litecoin, and Avalanche all-seeing minor gains on a daily scale.
Polkadot was the biggest gainer following an 11% increase and DOT even marked a new all-time high a few hours ago as it reached the $50 price range. Ripple, Solana, DOGE, Cardano on the other hand, all ended up in the red. Decentraland is still riding the waves of Mark Zuckerberg’s metaverse announcement and added another 20% of value in one day. MANA is up by more than 300% in the past week and became the 35th biggest crypto with a market cap of $6 billion.
Some more gains were seen from Sandbox as it increased by 65%, Loopring by 55%, Chilliz by 19%, Audius by 29%, Ankr increased by 18%, 0x increased by 13%, Kusama by 12%, Holo by 12% and Enjin Coin increased by 17%. The crypto market cap remained at around $2650 trillion while the primary cryptocurrency dipped below $60,000 a day ago before it increased to $63,000. it did fail to remain there as the bears drove it back south to $60,500. it did recover more than $1000 and close to above $62,000 again but the rising alternative coins also reduced bitcoin’s dominance on the market. The metric that shows this was 47% a few weeks ago but is now standing at 44%.
Bitcoin’s market cap remained above $1150 trillion and the asset was neglected from retail’s perspective over the past weeks as most traders were focused on the meme coins.
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