Market Watch: SHIB and DOGE Experience Explosive Double-Digit Gains, as BTC Sets Sights on $35K

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William

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Bitcoin’s price has remained strong above $34,500 despite a minor retracement. The total market cap has gained $20 billion in the past 24 hours, largely driven by altcoins. Bitcoin has been performing well in recent days, reaching its highest price in 17 months at $35,200. Although it briefly fell back to $33,200, it has since been attempting to break the $35,000 level again. Its market cap is now almost $680 billion, with dominance over the altcoins at just under 53%.

Altcoins have also been experiencing gains, with Ethereum outperforming Bitcoin with a 4.4% surge to $1,850. Other altcoins like Binance Coin, Ripple, Tron, Toncoin, Chainlink, Litecoin, Solana, Cardano, Polygon, and Polkadot have all seen increases ranging from 3-7%. The biggest gainers among larger-cap altcoins are Dogecoin, Shiba Inu, and Avalanche’s native token, which have all experienced double-digit gains. The overall crypto market cap has increased by $20 billion and is close to $1.3 trillion.

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In conclusion, Bitcoin has been showing resilience above $34,500 despite minor retracements, while altcoins have been experiencing substantial gains, contributing to an increase in the total market cap by $20 billion. Ethereum has outperformed Bitcoin in the past 24 hours, and several altcoins have seen increases ranging from 3-7%. The biggest gainers among larger-cap altcoins are Dogecoin, Shiba Inu, and Avalanche’s native token. The overall crypto market cap is close to $1.3 trillion..

”altcoins”


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