bitcoin price is back on the offensive after yesterday's setbacks and came within inches of reaching $52,000.
Most altcoins are also slightly in the green, with eth surpassing $3,000 and SOL holding above $100.
Will btc challenge $52k?
After a few consecutive weeks of price increases, the leading cryptocurrency had a calmer seven-day period this time. The only notable price increase came on Tuesday, when bulls took the asset to a new multi-year high of exactly $53,000.
However, there was a strong rejection that pushed the cryptocurrency down by more than two thousand dollars. It attempted to recover most of the losses but eventually fell below $51,000 on a few occasions.
The following days were calmer, but btc still struggled to post substantial gains. Quite the opposite, the cryptocurrency fell to a multi-day low of $50,600 yesterday.
However, the landscape has changed since then. bitcoin began another advance that resulted in gaining over a thousand dollars in hours and jumping to almost $52,000. So far, btc has failed to conquer that line even though it is up more than 1% on the day.
Its market capitalization has once again exceeded $1 trillion, but its dominance over altcoins has dropped to 48.6%.
eth recovers $3K
Perhaps driven by the buzz around the possible approval of ethereum spot ETFs, the second-largest digital currency, has been rising in recent weeks. This led to the inevitable challenge of the $3,000 level. The asset jumped above it several times lately, but always came back down. The last 24 hours saw another surge taking eth to just over $3000, following a 2.5% rise.
Solana has remained above a round milestone as it now sits above $100. BNB, XRP, ADA, AVAX and LINK are also slightly in the green.
UNI is the one that has fallen the most on a daily scale (-16%), but is still up double digits since Friday after this proposal.
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