Market watch: Terra (LUNA) pushed Polkadot exterior the highest 10, BTC retains $ 47,000 – CryptoPotato

After another dip below $ 46,000, Bitcoin has bounced back and is currently above $ 47,000. The altcoins are also slightly in the green, with Terra outperforming the rest after a clear double-digit increase.

LUNA outperforms DOT

The altcoins have suffered quite a bit since the beginning of December and especially since the massive crash two weeks ago. Ethereum rose from nearly $ 4,700 to $ 3,500 in one day, and while it has made up a lot of ground since then, it’s still below $ 4,000.

In a daily comparison, however, the situation is a bit more positive for most of them. Binance Coin is trading at $ 540 after up 2.2%. Solana (4.5%), Cardano (3%), Ripple (1%), Dogecoin (1%), Polkadot (1%) and Shiba Inu (1%) are also slightly in the green area.

However, Terra is the biggest winner among the larger cap alts. LUNA was up 14% in one day, approaching $ 75. As a result, the asset has entered the top 10 largest cryptocurrencies by market capitalization, replacing Polkadot.

More wins on a 24-hour scale come from Decred (14%), Hedera (12%), Arweave (11%), Harmony (10%) and Cosmos (9%).

The market capitalization of cryptocurrencies rose by $ 50 billion to over $ 2.2 trillion in one day.

Overview of the cryptocurrency market.  Source: Quantify CryptoOverview of the cryptocurrency market. Source: Quantify Crypto

Bitcoin stands above $ 47,000

The primary cryptocurrency has also had its fair share of volatility lately. It failed at $ 51,000 on December 12, and the bears pushed it south by several thousand dollars in the days that followed.

That culminated in two consecutive crashes below $ 46,000, and the last one came yesterday. BTC responded well to the dump 24 hours ago, climbing to $ 48,000.

However, the uptrend has not continued and has since declined by nearly $ 1,000. As a result, its market cap is still below $ 900 billion.

BTCUSD.  Source: TradingViewBTCUSD. Source: TradingView
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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.

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