Over $1 trillion market cap for all cryptocurrencies as bitcoin eyed $38K for a new ATH, while some large-cap altcoins have exploded with double-digit gains.
2021 started with a bang for two of the top ten cryptocurrencies as Bitcoin and Polkadot charted fresh all-time highs at $29,550 and $9.5, respectively.
Double-digit price increases for altcoins like Stellar and Ripple hint at a new altseason, while Bitcoin's price remains calm and dominance continues to decrease.
The community speculates on a new altseason as assets like Ethereum, Ripple, and Cardano have been surging in value, while BTC seems stuck beneath $19,000.
The total cryptocurrency market gained about $15 billion in the past 24 hours of trading as Bitcoin claimed a high that we haven't seen since January 2018.
ECB stimulus announcement and US jobless claims at a 7-month low briefly pumped Bitcoin but the asset and the entire altcoin market has retraced rather vigorously.
Bitcoin showed early signs of decoupling from Wall Street after surging to $11,820, while the US stock indexes slumped yesterday.
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