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Bitcoin went on another run-up that resulted in jumping to just above $44,000 for the first time since the beginning of May 2022.
The altcoins have also turned green, with massive gains from the likes of SOL, $AVAX, $DOGE, $SHIB, and many others.
$BTC to $44K
December has been a month to remember so far for the primary cryptocurrency. On Friday – December 1 – the asset stood at $37,500, but it started to gain value by the end of the day and on Saturday.
While Sunday was a little less volatile, Monday morning brought more gains, and bitcoin jumped to above $40,000 for the first time in 19 months. The landscape kept getting better and better, and $BTC soared past $42,000 by Tuesday.
The bears were nowhere to be found at this point, and bitcoin used the opportunity to initiate another leg-up that resulted in jumping to over $44,000. More specifically, the asset went as high as $44,400 on Bitstamp, which is a new 19-month peak.
As of now, the cryptocurrency trades inches below $44,000. Nevertheless, its market capitalization has skyrocketed above $850 billion, while its dominance over the alts is all the way up to 53.6%.
Alts See Nothing But Green
The fact that $BTC’s dominance has been steadily on the rise in the past week or so doesn’t mean that the alts have not produced any substantial gains. The past 24 hours are a clear example of this, as almost all alternative coins are well in the green.
Ethereum has neared $2,300 and a 3.3% daily increase. Similar gains are evident from the likes of Ripple, Chainlink, Litecoin, and Polygon.
More increases come from Solana, Cardano, Dogecoin, Avalanche, and Shiba Inu. In the case of $DOGE, $SHIB, and $AVAX, the pumps are by between 11% and 18%.
The most significant daily increases come from Helium (56%), Beam (25%), Casper (24%), and Celestia (21%).
The total crypto market cap has exploded by $60 billion overnight and is up to $1.6 trillion on CMC.
