Crypto

The Market Capitalization Touches $1T as BTC Reclaims $21K

The crypto market capitalization is closer then ever to the $1 Trillion again, as the BTC reclaimed the $21K

The consolidation of the largest cryptocurrency Bitcoin (BTC) continues as the currency has stalled above the $21K level. Most if not all altcoins have calmed as well today after the latest volatile, with Cardano and Dogecoin considered as the most gainers.

After the huge disturbance and the substantial price declines for the king currency Bitcoin (BTC) witnessed in the middle of June. The last 7 days experienced a recovery for the asset. BTC did dip to an 18-month low of $17,500 last Sunday.

Monday started with a better record as BTC jumped and neared the $20K. The asset failed to reclaim the previous level, but then it reached it.

Consequently, Bitcoin was trading above the $21,500, a weekly high, as the bulls kept trying to regain the $20K after the latest affirmation of the Fed Chair about continuing to raise the interest rates.

Since that day, the cryptocurrency has reclaimed some value and it is close the price of $21,500 again. As for the market cap of the BTC, it has remained above the $400 billion, but the dominance over the alt coins is under 42.5%, and they went through a very similar roller-coaster but are calm on a daily scale.

The second largest cryptocurrency in the mark did dip from $2K to $900 in only one week. And since then, ETH has slightly regained about $300 of its value and it is now trades above $1,200.

As for the BNB, it sits around $240 after a daily retracement. Moreover, similar movements in the price were witnessed from Polkadot, Ripple, Avalanche, TRON and Solana.

On the other hand, Dogecoin (DOGE) and Cardano (ADA) are up by 3% in a day to $0,07 and $0.5 respectively. Read more [ETH Skyrocketed to 10-Day Highs While SHIB Soars 15%].

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