It looks like Bitcoin’s weekend struggles weren’t quite as usual this time around, as the cryptocurrency took another different step by reclaiming the $35,000 level.
Most of the alternative digital currencies have also achieved significant gains in varying proportions, most notably the Ethereum currency, whose price jumped and rose by 25% in the last 7 days, as the price of the currency rose above $2300 for the first time since mid-June.
Bitcoin regains the $35,000 level:
After a volatile week in which BTC reached a multi-day high at $36,600 and then fell back below $33,000, all eyes were on the weekend, as the coin showed it was leaning south towards the end of the week.
However, the trend was reversed this time around as Bitcoin has already started to regain some of its lost value and jumped above $35,000.
Since then, the speculators have maintained the bullishness and pushed the coin upwards of over $35,000.
Currently at press time, Bitcoin is trading near $35,500, and the coin’s market capitalization has increased to over $650 billion.
On the other hand, the dominance of altcoins remained above 45%.
Ethereum reached its highest level in the last 15 days:
Altcoins are enjoying a green weekend as well, with Ethereum being a prime example.
The second largest cryptocurrency rose 5%, bringing it to $2,330.
This is the highest price line Ethereum has seen since June 18th.
BNB has recovered the $300 level with a 3% gain in the last 24 hours.
Here are the movements of the most prominent altcoins in the last 24 hours:
- Cardano (4%)
- Doge Queen (1.5%)
- Ripple (3.5%)
- Polkadot (2.5%)
- Bitcoin Cash (3.5%)
Uni coins and Solana are two of the most impressive cryptocurrency gainers of the big cap cryptocurrency.
UNI rose 5.2%, while SOL jumped 6%, to more than $20 and $35, respectively.
More gains are coming from low- and mid-cap cryptocurrencies, with Celsius and Aave leading the group, both up about 16%.
The market cap of all cryptocurrencies has increased by nearly $60 billion since yesterday and is currently approaching $1.5 trillion.