Crypto markets add $200m in 4 days as Bitcoin (BTC) rises to 2-week high (Market Watch)

Bitcoin’s price rally that began over the weekend continued into the early hours of Monday morning, as the asset broke above $63,000 for the first time in more than two weeks.

Altcoins have also turned green, helping the total crypto market capitalization regain the $2.4 trillion level.

BTC sees 2-week high

Perhaps driven by the German government unloading tons of confiscated BTC and the distribution and possible sale of Mt. Gox, the price of the leading cryptocurrency fell sharply in early July, falling to a three-month low of less than $54,000.

The bulls finally intercepted the move last week and did not allow a pullback. In fact, BTC started to regain some traction and ended the work week at around $58,000.

The failed assassination attempt against pro-crypto US presidential candidate Donald Trump on Saturday was the most likely reason for bitcoin’s resurgence over the weekend.

BTC first rose from $58,500 to $60,000 on Sunday morning before soaring to its highest price level since July 1 of over $63,000, where it also currently stands.

Its market capitalization has risen to $1.24 trillion, while its dominance of the highs stands at more than 51% in CG.

BTCUSD. Source: TradingView Green dominates the high space

Most altcoins have followed BTC on the rise. Ethereum is among the best performers of the past day as the second largest crypto has added 5% daily and is now at a multi-week high at $3,365. Binance Coin has added 4% in value and is trading above $560.

Solana and Chainlink are up more than 5% daily to $153 and $14, respectively. DOGE, AVAX, SHIB, DOT and NEAR are also up 3-4%.

Even more gains come from MOG (18%), STX (13%), VET (10%) and JASMY (10%).

Total crypto market capitalization has soared to $2.420 trillion in CG. That means the metric has earned $100 billion since Saturday and more than $200 billion in four days.

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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