Bitcoin briefly spiked above $14,000 again, this time perhaps on news from the US Presidential elections. The altcoins have erased most of yesterday’s losses, and the market capitalization has added about $10 billion.
Bitcoin Reacts On US Election News?
In fact, BTC even dipped below $13,300 on two occasions in the following days. It started recovering yesterday when it jumped above $13,500 and stayed above it for most of the past 24 hours.
Altcoins: On The Road For Recovery
Most alternative coins have enjoyed better days. While Bitcoin was surging towards news highs in the past several weeks, they remained relatively passive. Consequently, Bitcoin increased its dominance over the market with about 6% in a few weeks.
Most altcoins painted red yesterday as well but have recovered some of its recent losses. Ethereum and Ripple have increased by over 2% and have neared $385 and $0.24, respectively. Polkadot (2%) has spiked above $4. Cardano is the most impressive gainer from the top 10 with a 4.4% jump.
More notable price pumps are evident from lower-cap altcoins. HedgeTrade leads the way with a 30% surge to $0.73. The Midas Touch Gold (19.5%), ABBC Coin (19%), Ampleforth (13.5%), and Energy Web Token (11%) are the other representatives of the double-digit price increase club.
Overall, the cryptocurrency market capitalization has added about $10 billion since yesterday.
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