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After trading quietly during the weekend, Bitcoin’s price initiated another leg up on Monday that drove it to a new all-time high of almost $72,000.
The altcoins have also turned green, with $NEAR leading the pack with a massive 20% surge, followed by the likes of LINK and LTC.
$BTC’s Latest $ATH
The start of this Monday seems like a repeat of the events that transpired last week. Back then, $BTC had a quiet weekend, and it stood at just under $62,000. Once the first day of the business week arrived, though, the cryptocurrency skyrocketed by several thousand USD by the end of it and was knocking on the $ATH door from 2021.
It felt inevitable that the $69,044 level would fall, and it indeed did later on Tuesday. Then followed a massive rejection that pushed $BTC south by approximately ten grand. The bulls stepped up at this point and recovered most losses by Friday. Another run-up came, and $BTC jumped above $70,000 for the first time ever but was stopped in its tracks once more.
The weekend was a lot less volatile, but Bitcoin was still inching closer to $70,000. That level was decisively overcome earlier today when $BTC spiked above it and went all the way up to $71,750 (as of now).
Its dominance over the alts has increased to 49.7%, while its total market cap is above $1.4 trillion now.
$NEAR Steals the Show
Most larger-cap alts have also turned green on a daily scale. Ethereum is among the most modest gainers, having jumped by 2% and trading just inches above $4,000. Binance Coin sits at another multi-year peak at $530 after a 2% daily increase.
Chainlink, IMX, and Litecoin have surged by somewhere between 6-8% today. Nevertheless, $NEAR Protocol’s native token has taken the main stage with a massive 20% increase. As a result, $NEAR now trades well above $7.
The total crypto market cap has added over $100 billion in a day and about $200 billion in the past week and sits above $2.8 trillion for the first time in over two years.
