Following the most recent price slides and enhanced volatility, bitcoin bounced off yesterday and touched $43,000 for the first time in nearly a week. The altcoins are in an even better position today with substantial price gains from Polkadot, Cardano, Avalanche, MATIC, and more.
Bitcoin Touched $43K
coinregwatch reported the recent corrections from the primary cryptocurrency, which started a week ago. It traded at $47,000 when a sudden dump drove it to $43,000 in hours before another one took it south to just over $41,000.
BTC reacted somewhat positively at this point, and the bulls drove the asset to just under $43,000 a few days later. However, the landscape changed once again for the worse on Monday when the cryptocurrency plummeted below $40,000 for the first time since September 2021.
It bounced off just as sharply and reclaimed $42,000 hours later, which led to a large number of liquidations again. The volatility struck once more yesterday when BTC dipped to $41,500 before it shot up to above $43,000, which became the highest price line since the market crash started.
As of now, the asset stands just shy of $43,000, and its market capitalization has jumped above $800 billion.
Altcoins See All Green
The alternative coins suffered just as badly as bitcoin during the correction, but the past 24 hours have been significantly more positive. Ethereum slid below $3,000 two days ago, but a 5% increase on a daily scale has pushed the second-largest crypto to just under $3,300.
Binance Coin and Ripple are up by around 3% each to $465 and $0.75, respectively. Solana, Cardano, Polkadot, Terra, Avalanche, Dogecoin, MATIC, and Shiba Inu have produced even more impressive increases.
Consequently, SOL sits at $145, ADA is above $1.2, DOT is north of $26, LUNA is close to $80, AVAX is at almost $95, DOGE stands at $0.15, MATIC trades above $2.3, and Shiba Inu is at $0.000029.
More gains come from Fantom (22%), Oasis Network (17%), Harmony (15%), OMG Network (15%), Secret (13%), NEAR Protocol (11%), Mina (11%), and others.
The crypto market cap is up by $150 billion in two days and has reclaimed the $2 trillion mark.