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Bitcoin’s volatile performance as of late continued in the past 24 hours as the asset touched $25,000 once again before falling back down by $500.
Several altcoins are well in the green as well, with $OKB stealing the show and tapping a new all-time high beyond $50.
Bitcoin Stopped at $25K Again
It was just several days ago when the primary cryptocurrency had dipped to $21,500 amid the ongoing regulatory scrutiny by the United States authorities. However, the landscape changed in an instant as the bulls came to play.
In a matter of a day, they pushed bitcoin from $21,500 to a multi-month high of just under $25,000. Although $BTC was unable to overcome that level at first, it finally did so hours later, reaching its highest price tag since August 2022.
The bears intercepted the move and drove $BTC south hard, dumping it to under $24,000 yesterday. Nevertheless, bitcoin is back on the right track today as it pumped beyond $25,000 once again hours ago.
It has retraced by around $500 since then, but it’s still 3.3% up on the day. Its market capitalization has neared $475 billion, while its dominance over the alts stands firm at 42.5%.
$OKB’s Latest ATH
Ever since the collapse of FTX and the subsequent need for proof-of-reserves from exchanges, OKX has been at the forefront, and its native token has been on a roll. $OKB exceeded $50 a few days back to chart an all-time high. It retraced slightly yesterday, but it’s back on the move again today, tapping yet another peak following an 8% daily increase.
MATIC and Polkadot are the other today impressive gains from the top 10 altcoins. Both are up by between 6-8%. Although in a more modest fashion, Ethereum, Binance Coin, Cardano, Ripple, Shiba Inu, and Dogecoin are also in the green on a daily scale.
Filecoin was yesterday’s top performer and has done it once again now. FIL has soared by another 14% and trades close to $7.5.
The total crypto market cap has reclaimed $1.1 trillion after gaining $30 billion in a day.
