An overview of the cryptocurrency market Monday, April 26
$ 6,000 price increase for Bitcoin in a matter of hours
The past few days have not been good days for the market's first cryptocurrency. Bitcoin fell from over $ 55,000 to about $ 47,500 in a matter of hours on Friday.
Despite the slight improvement in the price of this currency over the weekend, Bitcoin failed to fully offset the losses. The latest price rejection has pushed the cryptocurrency down again. As a result, BTC fell more than $ 3,000 to $ 47,000. This is the lowest price level since early March.
At this point, however, the cows took control and pushed bitcoin to higher levels. Eventually, within a few hours, the asset rose above $ 50,000 to about $ 53,000.
With this dramatic increase, the market value of BTC again approached the $ 1 trillion mark. However, the currency still dominates the cryptocurrency market by about 50%, the lowest level in 33 months.
Ascent of Altcoins
Over the past week, alternative coins have gone through the same difficult days as bitcoins. However, since yesterday, with a slight price pump, these altcoins have started to improve. Ether (ETH) fell below $ 2,300 yesterday, but rose double-digit to $ 2,500 again.
Bainance Quinn, which fell below $ 500, has risen more than 12 percent in the past 24 hours and is currently around $ 550.
Ripple (11%), Cardano (9%), Polkadot (12%), Uniswap (20%), Litecoin (8%) and Chainlink (11%) are also green. The Dodge Quinn is the only exception to the bullish market today. This currency has been accompanied by a slight decrease and has reached about 0.26.
Polygon (33%), Voyager Token (27%), Theta Fuel (26%), PancakeSwap (25%), UMA (24%), Phantom (23%), THETA (22%), Aave (21%), Dent (20%), Horizen (20%) and Arweave (20%) are other bullish altcoins on the market.
The value of the cryptocurrency market has increased by more than $ 200 billion since yesterday, but it is still about $ 30 billion away from the $ 2 trillion mark.