Dogecoin Skyrockets 25% (Weekend Watch)
The weekend continues with impressive gains for bitcoin as the asset spiked above another coveted price line by reclaiming $45,000. Most altcoins are also well in the green, led by a massive surge from Dogecoin of over 25% in a day.
Bitcoin Breaks Above $45K
The positive developments in terms of USD price continue in the cryptocurrency market. The largest asset, bitcoin, has been on a roll since mid-July when it dropped below $30,000.
Since then, though, the bulls have kept pushing it north, breaking one resistance line after the other. In the past few days alone, bitcoin pumped above $40,000 and continued upwards to a new near three-month record registered hours ago.
More precisely, BTC surged to just over $45,000 for the first time since the mid-Mary crash. As such, its market capitalization has increased to $850 billion.
Although the asset is up by more than $15,000 in three weeks, large bitcoin holders (between 100 and 10,000 coins) have refused to take profits and sell portions, revealed data from Santiment. The analytics firm said these investors hold in total over nine million bitcoins as of now – which is an all-time high since.
ETH Above $3K as DOGE Explodes by 25%
The alternative coins have been performing impressively as well lately, with ETH leading the charge. As the network behind the asset went through the highly-anticipated London Hard Fork, the token went on a tear and is up by 22% in the past seven days.
On a 24-hour scale alone, ETH is up by 6.5%. It reclaimed $3,000 and went further to around $3,150 as of now. Binance Coin (2.5%), Cardano (3.5%), Uniswap (6%), Bitcoin Cash (2%), Chainlink (2%), and Ripple (8%) are well in the green as well.
However, Dogecoin has stolen the show with a spectacular 25% surge. As a result, the largest meme coin has risen to a multi-month high of over $0.26. Interestingly, other copycat meme coins have also followed suit with notable gains as well, such as Shiba Inu (26%).
Ethereum Classic (13%), OKB (13%), and 0x (10%) have also seen double-digit increases from the lower- and mid-cap altcoins.
The cumulative market capitalization of all cryptocurrency assets has gone for a near three-month record as well of $1.850 trillion. The metric has added about $300 billion in just a few days.
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