After a weekly low at $36,300, bitcoin started to recover some value and now sits around $38,000. Altcoins are also in a significantly more positive position today, led by Ethereum’s impressive gains pushing ETH to a two-week high above USD 2,800. Altcoins See Green: ETH At A 2 Week High The bears had complete control of the market yesterday, with nearly all altcoins bleeding out. For example, Ethereum fell to $2,600 after failing to top $2,800 the day before. Now, however, ETH is among the best performing on a daily scale. The second largest cryptocurrency is up about 6% since yesterday and is above USD 2,800. This is the highest price tag ETH has seen since January 21. Solana, which fell 10% yesterday after a hack on a Solana bridge, is up 7%. Consequently, SOL has recovered $100. Binance Coin, Cardano, Ripple, Polkadot, Terra, Dogecoin, Avalanche, Shiba Inu, and MATIC are also slightly in the green. Bigger profits come from NEO (11%), Cosmos (10%), Hedera (10%), Kusama (10%), IOTA (9%), NEXO (9%), Convex Finance (9%) and others. Cryptocurrency market cap has increased by about $70 billion, but it is still below $1.7 trillion. Cryptocurrency market overview. Source: Quantify Crypto Bitcoin Hit $38K The primary cryptocurrency also suffered yesterday after a few days of brand gains. The asset hit its highest price tag in ten days at over $39,000 on Feb. 2, but the bears intercepted the move and pushed it south. But as reported yesterday, the landscape had changed. BTC fell by a few thousand dollars and went to a weekly low of $36,300. However, it responded well to this drop and began to regain value almost immediately. In the following hours, bitcoin peaked to $38,000 where it currently stands, and its market cap has remained above $700 billion. BTCUSD. Source: TradingView SPECIAL OFFER (Sponsored) Binance Free $100 (exclusive): Use this link to register and get $100 free and 10% off Binance Futures first month fees (conditions). PrimeXBT Special Offer: Use this link to register and enter POTATO50 code to get 25% discount on trading fees. Disclaimer: Information on CryptoPotato is that of quoted writers. It does not represent CryptoPotato’s views on buying, selling or holding any investments. You are advised to do your own research before making any investment decisions. Use information provided at your own risk. See Disclaimer for more information. Cryptocurrency Charts by TradingView.
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