Official Trump (TRUMP) has reentered the top 100 alts after a massive 62% pump. ZCASH is up by 40%. Alts are on fire on Saturday morning.
ByJordan Lyanchev
The cryptocurrency market is on the move again, but this time the altcoins have taken the spotlight. Ripple’s XRP has reemerged from the $1.00 support and skyrocketed past $1.65 for the first time in many, many months, surpassing BNB on the way.
Meanwhile, <a href="https://cryptoz7.com/how-bitcoin-and-gold-went-from-a-slump-to-an-mvp-week-in-just-a-few-days/” title=”How bitcoin and gold went from a slump to an MVP week in just a few days”>bitcoin has rebounded from the dip to $76,200 and sits well above $78,000 now.
XRP Overtakes BNB as Alts Explode
What a time to be an altcoin investor, right? Let’s take XRP, for example. It dipped below $1.00 less than a week ago and fought for that level for days. However, the broader market’s rebound on Wednesday helped it recover significantly. It first flew to $1.40 but managed to break out even further and now trades above $1.65. This means it has soared by over 65% since Wednesday. Moreover, it’s now ahead of BNB in terms of market cap, even though the latter has soared by 10% on its own.
SOL, HYPE, DOGE, ADA, LINK, XLM, BCH, CC, and LTC have also posted double-digit gains today. ZEC has stolen the show with a 40% surge to $820. ETH has reclaimed the $2,500 level after another 7% pump.
Official Trump (TRUMP) has gone on a tear as well. It’s back in the top 100 alts by market cap after skyrocketing by over 60% in the past day.
The cumulative market cap of all crypto assets has added another $100 billion daily (and $500 billion since Wednesday) and is up to $2.760 trillion on CG.
BTC Eyes $80K Again
The primary cryptocurrency led the charge on Wednesday when it exploded from under $65,000 to $70,000 at first. After a brief pause, it went on the offensive again in the following days, surging to $72,000 and $75,000 later on.
The culmination, at least for now, took place on Friday when it came inches away from tapping $80,000 for the first time in just over three months. However, it was stopped there after gaining $15,000 in 48 hours and slipped to just over $76,000.
The bulls have managed to defend that level, and BTC now trades over two grand higher. Its market cap is at $1.575 trillion, while its dominance over the altcoins has been reduced slightly from 57.9% to 57.1%.
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About the author
Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato’s Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.
