Cardano (ADA) Up 14%, Bitcoin (BTC) Holds Above $93,000 After New ATH (Market Watch)

Bitcoin hit a new high of just over $94,000 yesterday, but has since retreated less than a thousand to hold above $93,000.

Cardano has become today’s best performing alternative of the larger cap, having risen by double digits to over $0.8.

The last peak of BTC

The major cryptocurrency peaked last Wednesday at just under $94,000 and began a week-long consolidation phase. It even went as low as $90,000 and as low as $87,000 on a few occasions. However, the bulls went back on the offensive earlier this week with a surge to $92,000.

After a few unsuccessful attempts to break this line, BTC rose above it yesterday. Moreover, it continued to rise and broke $94,000 for the first time to record its latest all-time high of $90,040 (CoinGecko data).

This came amid reports that FOMO levels for the asset are still quite low, suggesting it could be set for even more price gains in the near future and perhaps even challenge the $100,000 line .

As of now, BTC’s price means its market cap has soared to $1.850 trillion in CG. Their dominance over the alts is also on the rise, approaching 57%.

Bitcoin/Price/Chart 20.11.2024. Source: TradingView ADA on a Roll

Most larger cap alternatives are pretty slow these days. ETH, XRP, DOGE, AVAX and SUI have minor gains, while BNB, SOL, TRX, SHIB and TON have losses of up to 3%.

In contrast, Cardano’s native token has resumed its recent bull run with another double-digit increase. A 13% daily increase has pushed ADA above $0.84 for the first time in eight months.

Other notable gains from larger-cap alternatives include LEO, XRO, BONK and APT, with price jumps of up to 10%.

The total crypto market cap hit a new high of over $3.25 trillion after adding over $50 billion overnight.

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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