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Bitcoin’s price has solidified its position above the coveted $100,000 mark and even jumped above $102,000 earlier this morning.
Most altcoins are also in the red today with modest gains. $XRP and $BNB stand out as the biggest daily gainers.
$BTC Eyes New ATH?
The start of the business week was quite painful for the primary cryptocurrency as it dumped toward $94,400 on a couple of occasions. However, it managed to bounce off after touching that support line the second time and shot up to $98,000 on Wednesday.
The gains continued in the following days, with $BTC going back into six-digit territory on Thursday. Aside from a few brief price slips below that level, bitcoin has managed to remain above it for the most part.
Furthermore, it skyrocketed to over $102,500 earlier this morning to mark a nine-day peak. It has lost some ground since then and sits below $102,000 as of now, but it is still 1.5% up on the day.
This has pushed its market capitalization to well above $2 trillion. Its dominance over the alts has retraced slightly from the weekly high of 53% to 52.5%.
$XRP, $BNB on the Rise
Most larger-cap alts are with minor gains today. ETH has reclaimed $3,900 after a slight 1% increase. SOL, DOGE, ADA, AVAX, and SHIB have marked similar gains.
Binance Coin is up by 3% and trades above $725. $XRP has stolen the show from the larger caps, having surged by 6%. It even tapped $2.5 earlier today but has retraced slightly since then. LINK, XLM, and TRX are the other notable gainers.
The cumulative market capitalization of all crypto assets still sits above $3.8 trillion after a 1% increase in the past 24 hours.
