Bitcoin’s price has pushed above $35K in the past 24 hours, helping to keep the cryptocurrency market in the green.
Recently, the bulls have been focusing on the $35,000 level as a major target for Bitcoin’s price.
Various altcoins are gaining massive amounts of value.
$35K is reclaimed by Bitcoin
It is attempting to reclaim the $35,000 level once again as Bitcoin’s price pushes above it. Within the past 24 hours, the price of the cryptocurrency has increased around 0.8% to around $35,100.
The dominance of Bitcoin has been declining for a few days in a row. The share of a company relative to the entire market is typically measured by this metric. Essentially, altcoins are outperforming Bitcoin (collectively).
A wide range of altcoins is booming
Even those altcoins with larger market capitalization are trading well in the green, as can be seen in the heatmap below.
The best performing altcoins include Ethereum’s ETH, currently trading at $1.9K, and Binance Coin (BNB), up 3.9% today.
There can be no doubt that MultiversX (EGLD) has been the best performer during the past 24 hours. This is an increase of 46% over the past three months. In the same period, ImmutableX (IMX) has also gained 25%. Also, PancakeSwap (CAKE) is gaining quite a bit – 17.7%.
In terms of performance, Solana has fallen 2.4% over the past 24 hours. Other than that, most are doing well.
It’s interesting to see if the momentum will continue into the week after a positive 24 hours in the industry.
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