BitcoinThe price started another rally, culminating in a move to just above $44,000 for the first time since the beginning of May 2022. Altcoins also turned green with big gains from SOL, AVAX, DOGE, SHIB and others.
BTC to 44 Thousand Dollars
December has been a month to remember so far for the primary cryptocurrency. Additionally, on Friday – December 1 – the asset was at $37,500. However, it started to gain value at the end of the day and on Saturday.
It showed slightly less volatility on Sunday, while Monday morning brought more gains. In this context, Bitcoin rose above $40,000 for the first time in 19 months.
The outlook continued to get better and Bitcoin surpassed $42,000 on Tuesday.
The bears were nowhere to be found at this point and BTC used the opportunity to initiate another bounce that resulted in a rally above $44,000.
More specifically, the asset rose as high as $44,400 on Bitstamp. Koinfinans.com As we reported, this is a new 19-month high.
As of now, cryptocurrency Its unit is trading inches below $44,000. However, its dominance over alts rose to 53.6% as its market cap rose to over $850 billion.
BTC trading is currently at around $43,990 at press time.
Rise Is Coming for Altcoins
BTC’s dominance has been increasing steadily over the last week, altcoinThat’s not to say that ‘s haven’t made significant gains.
The last 24 hours are a clear example of this, as almost all altcoins are in the green.
Ethereum is close to $2,300 and is up 3.3% on the day. Similar gains are seen in coins such as Ripple, Chainlink, Litecoin and Polygon.
More increases are coming from Solana, Cardano, Dogecoin, Avalanche and Shiba Inu. In the case of DOGE, SHIB and AVAX, the rise is between 11% and 18%.
Avalanche’s native token is up nearly 20% in one day.
The most significant daily increases come from Helium (56%), Beam (25%), Casper (24%) and Celestia (21%).
Total crypto- Its market capitalization increased by $60 billion overnight and reached $1.6 trillion in CMC.