The positive price movement for Bitcoin, which began on Sunday evening, continued at the next hour, with assets tapping $87,600 for the first time since March 7th.
Leading by an impressive surge in Avax, Altcoins follows. In contrast, PI network PI tokens continue to suck blood.
BTC plays $87K
The previous Business Week was very eventful in terms of news, but not until the BTC price movement. The most uncertain day was proven to be Wednesday. This was expected to some extent as the US Federal Reserve concluded its second meeting of the year. Although they refused to change interest rates, Bitcoin moved up and down by several ground within hours.
The fluctuations were influenced by a statement from Brad Garlinghouse, CEO of Ripple. The BTC flew to $87,500 during an Asian trading session Thursday morning, but quickly stopped and was pushed south at some grounds.
Nevertheless, he recovered most of the lost ground, returned to $84,000 and spent most of the weekend. We attacked late last night, but today we continued to climb early, surpassing $87,000. I briefly tapped $87,600 (with Bit Stamp) for the first time in over two weeks.
Although it has been going slightly back since then, BTC is still trading above $87,000. Market capitalization jumped to $1.730 trillion in CG, but its advantage over ALTS is up to 58.5%.
avax runs wild
As mentioned above, most alt is doing well in green today. Ethereum hit nearly $2,100 after a daily surge of 3.5%, while XRP went above $2.45 after a similar increase, while Sol, Link and SUI marked profits somewhere between 5-7%.
However, Avalanche stole the show, but has surged quite 12% on past days. As a result, Avax has come close to $22 for the first time in a few weeks.
In contrast, the PI continues to bleed, throwing away another 6% in the last 24 hours well under $1.
Crypto’s total market capitalization has added around $80 billion since yesterday, up to $2.960 trillion in CG.
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