Bitcoin's price completed full circle from the FTX crash over two months ago.
This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:The bulls really stepped on the gas at this point and pushed the asset to above $20,000 and even toearlier today. This meant a full circle for bitcoin from the FTX collapse in roughly two months.
Although BTC has retraced by several hundred dollars since then, it still hovers well above $20,000, and its market capitalization stands close to $400 billion. Its dominance over the alts has exploded in the past 24 hours and is up to 40.8% after being down to 39% last week.The altcoins have also been impressive since the start of the year, and the past 24 hours have only solidified this. Solana, for instance, had dumped below $8 at the end of 2022.
Ethereum skyrocketed to over $1,500 for the first time in months as well. Binance Coin’s 6% daily increase has helped it to overcome $300. Green dominates the entire altcoin landscape, with Dogecoin, Polygon, OKB, Polkadot, Tron, and Uniswap posting gains of up to 11% in a day. Overall, the crypto market cap added $80 billion daily and came inches away from touching the coveted $1 trillion line.
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