Market Watch: Cardano and Polkadot Up 8% Whereas Bitcoin Holds $ 50,000 – CryptoPotato

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After a 24-hour hiatus below the coveted $ 50,000 mark, Bitcoin has recovered and recaptured. Most altcoins are also slightly in the green, while Cardano and Polkadot stole the show with an impressive 8% gains on a daily basis.

Bitcoin reclaims $ 50,000

It was only a few days ago – before Christmas – when the primary cryptocurrency struggled with $ 48,000 after unsuccessful attempts to break through $ 50,000. The landscape changed at this point when the bulls began an impressive climb that eventually caused them to break above this level.

Bitcoin continued to climb in the hours that followed, hitting nearly $ 52,000 on its highest price line in over two weeks. However, yesterday, BTC crashed a few thousand dollars and was again below $ 50,000.

Still, the asset has regained that line in the past 24 hours, hitting $ 51,000 earlier today. Currently, BTC is over $ 50,500 and its market cap is over $ 950 billion.

BTCUSD.  Source: TradingViewBTCUSD. Source: TradingView

ADA and DOT increase by 8%

Most of the alternative coins have mimicked BTC’s performance lately, and the past 24 hours have been pretty similar. Ethereum fell to $ 4,000 yesterday, but a small daily increase has reinforced its stance above that particular level.

Binance Coin, Solana, Ripple, Dogecoin and Shiba Inu are also slightly in the green, while Terra has marked a small step backwards.

Avalanche was up 4.5% to over $ 115 in one day. However, Cardano and Polkadot stole the show with an impressive 8% increases. As a result, ADA is now close to $ 1.55 while DOT has reclaimed $ 30.

Even more profits come from Kadena (26%), Voyager Token (15%), Zilliqa (15%), Theta (14%), Aave (13%), Oasis Network (12%), Uniswap (12%), Mina (12%), Helium (12%), Monero (11%) and others.

The crypto market cap is up $ 50 billion since yesterday to stand at nearly $ 2.4 trillion.

Overview of the cryptocurrency market.  Source: Quantify CryptoOverview of the cryptocurrency market. Source: Quantify Crypto
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Disclaimer: The information found on CryptoPotato is that of the cited authors. It does not represent CryptoPotato’s opinion on whether to buy, sell or hold investments. It is recommended that you do your own research before making any investment decisions. Use the information provided at your own risk. For more information, see Disclaimer.

TradingView’s cryptocurrency charts.


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