cryptopotato.com
Bitcoin was stopped yesterday ahead of its all-time high, but has managed to recover some ground following the US CPI announcement for July.
Many altcoins have marked mindblowing gains over the past day, including $OKB, which has skyrocketed by triple digits since yesterday.
$BTC Bounces to $120K
Bitcoin’s price actions in the past few days have been rather notable, even though most altcoins have outshone it. Just last week, the cryptocurrency struggled to remain above $113,000 after a dip below that level.
However, the bulls went on the offensive in the following days, pushing the asset firmly above $115,000. Moreover, they kept the pressure on at the beginning of the current business week as $BTC jumped to a monthly peak of just under $122,500 (on Bitstamp).
Thus, bitcoin was less than a grand away from tapping a fresh all-time high. However, the bears reemerged and didn’t allow a new record to be set. In fact, $BTC slipped to $118,000 yesterday as the US CPI numbers came out.
However, it managed to defend that level, and bitcoin now flirts with $120,000 once again. Its market cap has neared $2.4 trillion on CG, while its dominance over the alts keeps taking hits and is under 58% now, which sparks speculations of an altseason.
$OKB Flies
Although many altcoins have posted notable gains over the past day, none is close to $OKB’s surge. OKX’s native token has shot up by 130% on a daily scale to a new all-time high above $135 registered just hours ago. Despite losing some ground since then, $OKB is still within a triple-digit price territory.
Far behind are alts like GT, CRV, and PUMP, which are up by 13%-15%. SOL, DOGE, and ADA have also surged by double-digits from the larger-cap alts. Ethereum has neared its 2021 all-time high after soaring past $4,600.
The total crypto market cap keeps pumping and has risen to $4.160 trillion on CoinGecko.
