Home Crypto News Market Watch: Will BTC Lastly Reclaim $25K? OKB Breaks New All-time Excessive

Market Watch: Will BTC Lastly Reclaim $25K? OKB Breaks New All-time Excessive

by Cryptoroz


Bitcoin’s risky efficiency as of late continued previously 24 hours because the asset touched $25,000 as soon as once more earlier than falling again down by $500.

A number of altcoins are effectively within the inexperienced as effectively, with OKB stealing the present and tapping a brand new all-time excessive past $50.

Bitcoin Stopped at $25K Once more

It was simply a number of days in the past when the first cryptocurrency had dipped to $21,500 amid the continued regulatory scrutiny by the USA authorities. Nonetheless, the panorama modified immediately because the bulls got here to play.

In a matter of a day, they pushed bitcoin from $21,500 to a multi-month excessive of just below $25,000. Though BTC was unable to beat that degree at first, it lastly did so hours later, reaching its highest price ticket since August 2022.

The bears intercepted the transfer and drove BTC south exhausting, dumping it to below $24,000 yesterday. However, bitcoin is again heading in the right direction right this moment because it pumped past $25,000 as soon as once more hours in the past.

It has retraced by round $500 since then, but it surely’s nonetheless 3.3% up on the day. Its market capitalization has neared $475 billion, whereas its dominance over the alts stands agency at 42.5%.

BTCUSD. Supply: TradingView

OKB’s Newest ATH

Ever because the collapse of FTX and the next want for proof-of-reserves from exchanges, OKX has been on the forefront, and its native token has been on a roll. OKB exceeded $50 a number of days again to chart an all-time excessive. It retraced barely yesterday, but it surely’s again on the transfer once more right this moment, tapping yet one more peak following an 8% each day enhance.

MATIC and Polkadot are the opposite right this moment spectacular features from the highest 10 altcoins. Each are up by between 6-8%. Though in a extra modest style, Ethereum, Binance Coin, Cardano, Ripple, Shiba Inu, and Dogecoin are additionally within the inexperienced on a each day scale.

Filecoin was yesterday’s high performer and has finished it as soon as once more now. FIL has soared by one other 14% and trades near $7.5.

The whole crypto market cap has reclaimed $1.1 trillion after gaining $30 billion in a day.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Supply: Quantify Crypto
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Cryptocurrency charts by TradingView.

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