Bitcoin price has solidified its position above the coveted $100,000 mark and even jumped above $102,000 this morning.
Most altcoins are also in the red today with modest gains. XRP and BNB stand out as the biggest daily gainers.
Is BTC aiming for a new ATH?
The start of the trading week was quite painful for the leading cryptocurrency as it fell towards $94,400 on a couple of occasions. However, it managed to rebound after hitting that support line for the second time and shot up to $98,000 on Wednesday.
The gains continued in the following days, and BTC returned to six-digit territory on Thursday. Aside from a few brief price drops below that level, bitcoin has managed to stay above it for the most part.
Furthermore, it soared above $102,500 early this morning to mark a nine-day high. It has lost some ground since then and sits below $102,000 today, but is still up 1.5% on the day.
This has raised its market capitalization to well above $2 trillion. Its dominance over alts has retreated slightly from the weekly high of 53% to 52.5%.
XRP and BNB on the rise
Most of the larger cap alternatives are making smaller gains today. ETH has recovered $3,900 after a slight 1% increase. SOL, DOGE, ADA, AVAX and SHIB have posted similar gains.
Binance Coin is up 3% and is trading above $725. XRP has stolen the show from larger cap companies, having risen 6%. It even reached $2.5 today, but has retreated slightly since then. LINK, XLM and TRX are the other notable winners.
The cumulative market capitalization of all crypto assets still sits above $3.8 trillion after a 1% increase in the last 24 hours.
