Bitcoin
A$ 78,885
WINkLink
A$ 0.0007800
Ethereum
A$ 5,354.4

Bitcoin Charted 5-Month High Above $58K: Polkadot (DOT) Skyrockets 20% on Parachain News

After yesterday’s price drop, bitcoin continued upwards and tapped a new five-month high above $58,500. The altcoins have also seen impressive gains, with Polkadot leading the pack. DOT has exploded 20% following a massive announcement.

Bitcoin Sees New 5-Month High

The past several days were going well for the primary cryptocurrency, as it neared $58,000 for the first time since mid-May. However, it failed to breach it on its first attempt, and the bears drove it south hard yesterday.

As reported, BTC dumped by more than $3,000 in a day and bottomed around $54,000. Yet, the situation has changed once more in the past 24 hours.

Instead of going further south, bitcoin started to appreciate against the dollar rapidly. In a matter of hours, it recovered all of its previous losses and even broke above $58,000 this time.

It kept climbing and reached an intraday high above $58,500, which became the new highest price since mid-May. As of now, BTC has retraced by roughly $1,000, and its market capitalization has dropped to just under $1.1 trillion.

BTCUSD. Source: TradingView

Alts in Green; DOT Surges 20%

The alternative coins also retraced yesterday, but most are well in the green today. Ethereum dropped below $3,500, but a 5.5% increase on a 24-hour scale has driven it to $3,650.

Binance Coin has been among the best performers in the past few days after the exchange behind it announced a $1 billion fund to enhance the BSC. After yesterday’s double-digit pump, BNB has spiked by 3.5% again today and trades at $480.

Cardano, Ripple, Solana, Dogecoin, Terra, Uniswap, and Avalanche have also marked some gains in a day. Chainlink has surged by 11%, but Polkadot has trumped all other larger-cap alts with a near 20% increase on a 24-hour scale.

This comes after the project’s massive announcement that its parachains are ready to be launched in a month.

Cryptocurrency Market Overview. Source: Quantify Crypto

Further gains are evident from Telcoin (35%), Kusama (18%), Curve DAO Token (16%), Vechain (13%), Waves (12%), Revain (12%), Stellar (10%), and more.

As such, the crypto market cap is more than $100 billion up in a day to over $2.350 trillion.

Related Posts

Leave a Reply

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Donate To Cryptonic Australia


Donate BTC: 1MPYuHUKm3AhNivMSngqLnoEbpNEecHeEK
Donate Doge: DDYybw7H8zx8EYU74JrGW8WwmYh9AGuyMC
Donate WinK: TDiXutqKE3P17LpZMQh3SDBCGSkAC6iEjB




Bitcoin Dives Beneath $60K, Why Bulls Might Battle In Brief-Time period
October 28, 2021
El Salvador Buys The Dip: 420 More Bitcoins —And The Investment Is Already Profitable
October 28, 2021
Assist I need to discover out if i personal bit cash or not [duplicate]
October 28, 2021




Bitcoin Dives Beneath $60K, Why Bulls Might Battle In Brief-Time period
October 28, 2021
El Salvador Buys The Dip: 420 More Bitcoins —And The Investment Is Already Profitable
October 28, 2021
Assist I need to discover out if i personal bit cash or not [duplicate]
October 28, 2021


CryptoCurrencyAUDChange 1hChange 24hChange 7d
Bitcoin78,885 0.25 % 3.10 % 10.59 %
Ethereum5,354.4 0.35 % 5.48 % 3.60 %
Binance Coin610.37 0.47 % 5.52 % 8.92 %
Tether1.340 0.01 % 0.32 % 0.30 %
Cardano2.580 0.23 % 10.02 % 11.70 %
Solana251.08 0.44 % 7.77 % 7.34 %
XRP1.340 0.07 % 10.31 % 12.12 %
Polkadot55.15 1.08 % 8.42 % 7.07 %
Shiba Inu0.0001069 6.47 % 53.35 % 174.39 %
USD Coin1.330 0.07 % 0.35 % 0.11 %

Recent Comments

Allison wick

I was a victim of WDC Markets investment scam some months ago myself. It was...

Greatness

he is the best when it comes to recovery, he helped recover my funds without...

URL

... [Trackback] [...] There you will find 63491 more Infos: cryptonic.com.au/evaluation-suggests-bitcoin-robust-palms-are-shopping-for-this-dip/ [...]