Bitcoin Keeps Flirting With $27K, but These Alts Performed Better (Market Watch)
Bitcoin pumped and retraced amid the $27K level, while XRP, SOL, and LTC have outperformed it....
- Bitcoin reached a 19-day peak above $27,000 but has not yet reclaimed that level.
- Altcoins are performing well, with XRP, SOL, and LTC outperforming Bitcoin.
- The total crypto market cap has recovered over $70 billion since last Monday's crash.
- Bitcoin experienced a sharp drop to a two-month low but quickly recovered.
- News of a spot BTC ETF filing from a traditional financial giant contributed to Bitcoin's pump.
- Bitcoin briefly surged to $27,400 but lost momentum and currently sits around $27,000.
- The market capitalization of the crypto market has surpassed $525 billion, with Bitcoin dominance at 49.1%.
- Most alternative coins experienced pumps but couldn't sustain significant increases.
- Ethereum, Binance Coin, Dogecoin, Tron, and Shiba Inu are up by about 1%.
- Cardano, TONCOIN, and Polygon have added around 1-2%.
- Ripple, Litecoin, Chainlink, and Solana have jumped by more than 2%, with SOL gaining over 4%.
- XEC is the top performer, surging by 15%.
- The total crypto market cap has increased overnight and now exceeds $1.070 trillion.
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The overall sentiment of the article is positive, highlighting Bitcoin's recovery and the performance of altcoins in the market.