After recording a $ 3,000 rise in one day, BTC has continued slightly higher over the past 24 hours and hit a weekly high of around $ 33,000. Most of the alternative currencies are also in the green, with ETH approaching $ 2,100 and Polkadot seeing a 7% increase.

Bitcoin hit $ 33K

After the plunge on Monday when the leading cryptocurrency dipped below $ 30,000, the bulls have retained complete control over the market. They first pushed the asset above that coveted level before positive news from Elon Musk pushed another lead.

As reported, the CEO of Tesla and SpaceX said he personally owns BTC, ETH and DOGE and two of the companies he manages also hold bitcoin. As a result, BTC burst into tears and exploded by over $ 3,000 in just one day.

After a brief retracement, the bulls pushed the asset north again hours ago, coming in at just under $ 33,000 (on Bitstamp). This became its highest price line since July 15th.

As a result, bitcoin’s market cap remained above $ 600 billion, but its dominance dropped slightly to 45.5% as some altcoins outperformed it in the past 24 hours.

BTCUSD.  Source: TradingView
BTCUSD. Source: TradingView

ETH is approaching $ 2.1K; DOT Pumps 7%

Alternative currencies have also gone through a similar roller coaster since the beginning of the week. The largest, Ethereum, was downloaded Monday for just over $ 1,700. However, it also reacted well and added more than $ 400 in value over the next few days. Earlier today, it recorded an 11-day high of nearly $ 2,100.

Binance Coin, Cardano, Dogecoin, Bitcoin Cash, and Litecoin all posted smaller gains since yesterday. Ripple and Solana were up 3% each to $ 0.6 and $ 28, respectively.

However, Polkadot and Uniswap are the best performers of the top ten. The UNI increased by 6%, while the DOT increased by almost 7%. As a result, UNI is trading above $ 17.5, while DOT is north of $ 13.

Cryptocurrency market overview.  Source: Quantify Crypto
Cryptocurrency market overview. Source: Quantify Crypto

Axie Infinity again saw the most impressive increase on a 24-hour scale, with a 27% increase to over $ 30, which is its new all-time high. Flow (11%), Telcoin (10%), SushiSwap (10%), Waves (9%), Curve DAO Token (8%) and Compound (8%) follow.

Eventually, the cryptocurrency market cap increased to around $ 1.340 billion. This means that the metric has added more than $ 230 billion since Monday.


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