The crypto market cap added over $50 billion in a day as bitcoin spiked above $20,000 and ETH is up 9%.
After several days of trading sideways, bitcoin finally initiated a leg up and spiked above $20,000. Most altcoins are also well in the green today, led by Ethereum’s impressive 9% surge.Following the end of June, which turned out to be bitcoin’s worst trading month in over a decade, the cryptocurrency experienced enhanced volatility by surging with over $2,000 in minutes to a multi-day high of just under $21,000.
However, this uptick didn’t last long, and the asset returned below $20,000 shortly after. Then came the weekend, which was untypically calm, and BTCAside from one brief spike to just over $19,500, the asset spent most of the next three days at the aforementioned level. It was just when July 4 was coming to its end when the cryptocurrency started to gain traction and jumped to an intraday high of $20,400 .
As of now, BTC has lost a few hundred dollars and sits around $20,000. Its market cap is up to $385 billion, and its dominance over the altcoins is at 42.3%.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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