November 30, 2023

Altcoins in Green Led by Polkadot’s 9% Surge (Market Watch)

Following the most recent price slides and enhanced volatility, bitcoin bounced off yesterday and touched $43,000 for the first time in nearly a week. The altcoins are in an even better position today with substantial price gains from Polkadot, Cardano, Avalanche, MATIC, and more.

Bitcoin Touched $43K

CryptoPotato reported the recent corrections from the primary cryptocurrency, which started a week ago. It traded at $47,000 when a sudden dump drove it to $43,000 in hours before another one took it south to just over $41,000.

BTC reacted somewhat positively at this point, and the bulls drove the asset to just under $43,000 a few days later. However, the landscape changed once again for the worse on Monday when the cryptocurrency plummeted below $40,000 for the first time since September 2021.

It bounced off just as sharply and reclaimed $42,000 hours later, which led to a large number of liquidations again. The volatility struck once more yesterday when BTC dipped to $41,500 before it shot up to above $43,000, which became the highest price line since the market crash started.

As of now, the asset stands just shy of $43,000, and its market capitalization has jumped above $800 billion.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Altcoins See All Green

The alternative coins suffered just as badly as bitcoin during the correction, but the past 24 hours have been significantly more positive. Ethereum slid below $3,000 two days ago, but a 5% increase on a daily scale has pushed the second-largest crypto to just under $3,300.

Binance Coin and Ripple are up by around 3% each to $465 and $0.75, respectively. Solana, Cardano, Polkadot, Terra, Avalanche, Dogecoin, MATIC, and Shiba Inu have produced even more impressive increases.

Consequently, SOL sits at $145, ADA is above $1.2, DOT is north of $26, LUNA is close to $80, AVAX is at almost $95, DOGE stands at $0.15, MATIC trades above $2.3, and Shiba Inu is at $0.000029.

More gains come from Fantom (22%), Oasis Network (17%), Harmony (15%), OMG Network (15%), Secret (13%), NEAR Protocol (11%), Mina (11%), and others.

The crypto market cap is up by $150 billion in two days and has reclaimed the $2 trillion mark.

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

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Cryptocurrency charts by TradingView.

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