Crypto markets add $200 billion daily as Bitcoin tops $100,000: Recovery Market Watch

After a few days of price losses, bitcoin has finally broken out and broken above $100,000 and even touched $102,000 for the first time since Friday.

Altcoins are also doing well in the green, with massive double-digit price gains from the likes of AAVE, HYPE, SUI, LINK, BEAM and many others.

BTC jumps to $102,000

The leading cryptocurrency attempted to conquer the six-digit entry mark over the weekend, but was stopped short on a couple of occasions. Subsequent declines extended into the start of the work week, with two consecutive price drops to $94,400 on Monday and Tuesday.

However, this line managed to provide the necessary support and BTC bounced back. In fact, it went on the offensive strongly and jumped nearly eight thousand on Wednesday when it soared to $102,000. It broke through this level twice in a few hours, but ultimately failed to break through and now sits just below $101,000.

However, this is the longest the cryptocurrency has been able to trade in six-digit territory, despite falling short of a new all-time high.

Its market capitalization has approached $2 trillion, while its dominance over altcoins has decreased slightly to 52.3%.

Bitcoin/Price/Chart 12.12.2024. Source: TradingView Alts on the Rise

Altcoins suffered greatly during the market correction earlier in the week, but many have rebounded with mind-blowing gains in the past 24 hours.

The double-digit price increase club is represented by AAVE (32%), HYPE (29%), SUI (26%), LINK (23%), BEAM (21%), UNI (19%), ENA (17%). ), APT (17%), and many others.

Large-cap stocks are also in the green, albeit in a more modest way. ETH is up 5.5%, XRP is up 1.7%, BNB is up 4.2% and DOGE is up 3%, while ADA and TRX have joined the aforementioned club with gains of 12.5% ​​and 10% , respectively.

Cumulative market capitalization has soared more than $200 billion since yesterday to more than $3.8 trillion.

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