These altcoins post biggest gains as Bitcoin (BTC) jumps to 3-week high (Market Watch)

Bitcoin’s price resurgence continued in the past 24 hours as the asset rose to $66,500 for the first time since late September.

Altcoins have also turned green, with the total crypto market cap adding about $100 billion overnight.

BTC’s surge took it to a 3-week high

It’s taken a while, but Uptober is starting to deliver on the big promises. It was just five days ago that the major cryptocurrency poured heavily, falling to a multi-week low below $59,000.

However, the bulls stepped on the gas pedal in the following days and BTC has not looked back. After regaining some ground over the weekend and jumping to $63,000, this volatile week started on an even more positive note yesterday and especially today.

That’s when the asset added more than three thousand in value in a few hours and took advantage of $66,500 for the first time since September 27. It has lost steam since then and is now trading below $66,000, but is still up 5% on the day.

Its market cap has soared to $1.3 trillion, while its dominance of the highs is over 54% in CG.

Bitcoin/Price/Chart 15.10.2024. Source: TradingView Altcoins on the Run

Many altcoins have produced even more impressive gains over the past 24 hours. Ethereum, which has greatly underperformed in recent months, is among these. It has risen 6.5% and is now at a multi-week high above $2,600.

Solana’s daily increase is identical and is now trading at $155. Bitcoin Cash, NEAR and UNI have seen even more impressive increases. ENA and WLD are the top two performers of the 100 largest altcoins.

Consequently, the cumulative market capitalization of all crypto assets has added $100 billion overnight and $150 billion since the weekend, and now stands at $2.4 trillion.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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