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Bitcoin Holds $46K Level & Digital Coin LUNA Rises To New All-Time High

Bitcoin Holds $46K Level & Digital Coin LUNA Rises To New All-Time High

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Answer Bitcoin Holds $46K Level & Digital Coin LUNA Rises To New All-Time High

Bitcoin calmed down and stayed above the $46,000 level, while some altcoins reduced the market’s dominance of Bitcoin with notable gains.

Recently, the “Terra” project became among the projects present and strongly in the crypto arena, especially after the co-founder of the project announced the allocation of bitcoin to support the project’s stablecoin, which was also reflected in the performance of the digital currency “LUNA”, which jumped by almost 10% in one day It drew a new all-time high at nearly $120.

“LUNA” achieves a new record:

Most cryptocurrencies experienced dramatic volatility two days ago, rebounded yesterday, and stopped this morning.

Ethereum, for example dropped to $3,300 before rising to just over $3,500 yesterday.

Read:Why did the cryptocurrency XRP rise more than 14% in the last 24 hours and then decline?

Thus achieving its highest price in three months.

Terra is the most significant gainer among the top 10 coins with a 4% increase in the last 24 hours.

LUNA hit a new all-time high just a few days after it hit new records.

According to CoinGecko, the coin’s most recent peak is $120.

The digital currency “NEAR Protocol” and “Cosmos” also drew significant price increases on a daily scale.

While Binance, Solana, Real and Polkadot all showed more modest price movements.

The cryptocurrency “Moonbeam” jumped to be among the top 100 cryptocurrencies with a 24% increase.

The cryptocurrency market cap has added about $30 billion since yesterday and is currently worth about $2,151 trillion at press time.

Bitcoin calms down at the $46,000 level:

Bitcoin experienced a massive price drop at the end of the week as it fell from $47,500 to a multi-day low of more than $44,000.

The bulls intercepted the movement and again pushed the currency north almost immediately.

As such, Bitcoin surged to just over 47,000 hours after that, but failed to sustain that level and fell around $1,000.

Read:The price of Ethereum has risen to $450 on Uniswap for this reason!

As of now, the cryptocurrency has regained some value again and is trading around $46,240.

The total market capitalization of the crypto market has remained well below $900 billion, while Bitcoin’s dominance over altcoins has been reduced to less than 41% due to some altcoin gains.

Read also:

Michael Novogratz clarifies its position on the acquisition of the crypto company “BitGo”

Ripple’s lawyer stated: After Ripple, the SEC will go to cryptocurrency exchanges


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