cryptopotato.com
After several consecutive days of increasing in value, $BTC’s price has finally calmed at just under $52,000.
Some altcoins have taken the torch, with $BNB jumping above $350 and $UNI gaining over 7% of value following the latest announcement by the team behind the DEX.
$UNI Reigns Supreme
CryptoPotato reported earlier the big news coming from Uniswap as the team announced V4 launch details. Although there are some concerns about the so-called hooks, the protocol’s native cryptocurrency reacted well and has jumped by 7%. As a result, $UNI now trades at $7.5.
Binance Coin, Ripple, Cardano, and Polygon are the other notable gainers from the larger-cap alts. $BNB has jumped by 3% and now trades above $350 for the first time since the FTX-Binance saga in November 2022. XRP is up to $0.56, ADA is close to $0.6, and MATIC has gone above $0.9.
In contrast, Solana and Avalanche have retraced the most from this cohort of alts. Both assets are down by approximately 4% to $110 (SOL) and $40 (AVAX).
Despite some more retracements from the mid- and lower-cap alts, the total crypto market cap has maintained above $2 trillion on CoinGecko.
$BTC Calms Below $52K
The primary cryptocurrency had a highly positive 10-day (or so) period, in which its price gained almost ten grand. It all started on February 9 when it finally broke out of $43,000 and jumped by $2,000 daily. The bulls kept the pressure on, and the asset found itself trading above $48,000 by the end of that week.
The start of the current one saw $BTC jumping above $50,000 on Monday, a minor retracement, and another leg-up that pushed the cryptocurrency to over $51,000 and even $52,000 yesterday.
In fact, Bitcoin tapped $52,900 for the first time since late 2021 hours ago but was stopped before having the chance to challenge the $53,000 line. It was driven down by a grand and now trades under $52,000.
Nevertheless, its market cap is still above $1 trillion, but its dominance over the alts has retraced slightly to 49.7 on CoinGecko.
