Double-digit price rises for these altcoins as Bitcoin (BTC) claims $91,000 (Market Watch)

After a brief hiatus below $90,000 and even $87,000, bitcoin is back on track gaining more than four thousand in the past day and breaking above $91,000.

Many altcoins have produced even more impressive daily gains, led by double-digit gains from the likes of XRP, ADA, PEPE, SUI, ICP, XLM and many others.

BTC above $91,000

The major cryptocurrency had another big week as it soared from $80,000 on Monday to nearly $94,000 on Wednesday to mark a new peak. After this massive rally, it was expected to cool off and pull back.

This happened on Friday, when the asset fell below $90,000, and bears continued to push it below $87,000. However, it rebounded almost immediately and challenged the $90,000 level by the end of the day. It managed to get it back on Saturday morning and it further increased to $91,000 where it also currently stands.

At the same time, on-chain information shows that the asset’s bull run is far from over, at least according to the growing stablecoin going to exchanges and the decrease in BTC reserves on trading platforms.

With its rise above $91,000, bitcoin’s market cap has regained the $1.8 trillion line. His dominance over the highs also remains at just over 57% in CG.

Bitcoin/Price/Chart 16.11.2024, Source: TradingView Double Digit Highs

The more volatile altcoins by nature have produced bigger gains over the past few days. Its rally is led by XRP and ADA, both of which have shot up more than 20% in the last day. This is the potential reason for the massive increase in ADA.

Other double digit price gains include PEPE, NEAR, ICP, XLM, BONK, HBAR, KAS, WIF, MANTRA and many others.

In contrast, larger-cap alternatives like ETH, BNB, DOGE, and TON are up as much as 3%. SOL is up 5%, while TRX is up 6%.

The total crypto market cap has soared by more than $100 billion and reaches $3.160 trillion in CG.

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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