After days of consolidation and a downward-leaning sideways action, the cryptocurrency market has finally bounced and seen a sea of green on the trading charts. The total capitalization is aimed at $900 billion.
Bitcoin Price Tops $17K
Over the past 24 hours, Bitcoin managed to increase finally and has topped the coveted $17K level in the process.
BTC increased from an intraday low of $16,733 to a local high of $17,330 (on Binance) which marks gains of around 3.5%.
Bitcoin’s dominance – the metric that gauges its share relative to that of the entire market – also increased a bit. This is important because it tells of the current state of things where altcoins are performing slightly less than BTC.
Altcoins Also Green
Despite performing worse than BTC, most of the cryptocurrencies are also trading well in the green today.