Crypto markets add $100 billion as Bitcoin (BTC) soars to 18-day high (Market Watch)

The price of Bitcoin remained below $100,000 for nearly three weeks, but the asset soared into six-digit territory yesterday, hitting a yearly high of more than $102,500.

Altcoins are also in the green today, with DOGE near $0.4 and XRP at $2.45.

BTC broke above $102,000

The last two Mondays were very different in terms of BTC price action. On December 30, the cryptocurrency fell from $94,000 to a monthly low of $91,300. However, in the following days it recovered a lot of ground, especially since the beginning of the new year.

He managed to challenge $100,000 on a couple of occasions since January 4th, but ultimately failed and was pushed south by a few thousand. However, that changed yesterday as the bulls took full control of the market and started an impressive surge that saw BTC break above $100,000 for the first time since December 19th.

The asset continued to rally in the early Asian hours of Tuesday morning, jumping to an 18-day high of $102,700 (on Bitstamp) amid massive BTC ETF inflows. However, he was unable to sustain his run and has since recovered about $1,000.

However, bitcoin is up more than 2.5% on the day and its market cap has soared to $2 trillion once again. His dominance over the highs has also increased to 53.8% in CG.

BTCUSD. Source: TradingView ADA up 5%

Most altcoins have posted gains over the past day. XRP, DOGE and TRX have added percentages similar to BTC and are now trading near $2.45, $0.395 and $0.27 respectively.

Cardano’s native token is up 5% and now hovers around $1.13 amid predictions of future price hikes. HBAR has added nearly 7% in value and is trading well above $0.3.

The cumulative market capitalization of all crypto assets has added approximately $100 billion in one day. The metric reaches $3.750 trillion after bottoming below $3.4 trillion last week.

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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