Crypto Market Cap Recovers $150B In Two Days (Market Watch)
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Crypto Market Cap Recovers $150B In Two Days (Market Watch)

The Bitcoin price has recovered from its latest losses and spiked to a weekly tap level of over $47,000. Most altcoins are still in the green, with an additional 5% increase from Binance Coin. As a result, the cryptocurrency market cap added roughly $150 billion in two days.

Bitcoin Taps $47K

The past few days have been extremely volatile for cryptocurrency. All of this started after it was dropped to $46,500 on Monday, and it took a subsequent drop to $45,000.

However, the situation later intensified when news broke that e-commerce giant Walmart Litecoin began to receive payments on its products and services.

Bitcoin and the rest of the market have exploded in price. BTC only spiked from $44,600 to just turning from $47,000. However, the rumors turned out to be fake, and the matter went down so vigorously. In a matter of minutes, bitcoin plummeted to $43,400.

At this moment the bulls climbed and gradually began to beat the cryptocurrency. In the following two days, BTC grew by nearly $4000 and over $47,000 hours before it broke. In addition, it went to a high of $47,500, which is the largest price correction made since last week.

As the BTC market cap once approached $900 billion, it is still dominating in alts at around 41.5%.

BTCUSD.  Source: TradingView
BTCUSD. Source: TradingView

Altcoins See Green; BnB Spikes 5%

Most of the cash has performed similarly to its leader, including increased volatility on Monday. Ethereum dropped below $3,100, but recovered the most losses and now sits at over $3,400.

Cash binance today is among the best players with a 5% increase. Next it buys about $425. Even more serious gains arise from Chainlink and Uniswap, both of which have risen by almost 10%. LINK revisited $30, while UNI sits above $25.

Minor grows from Ripple, Polkadot, Dogecoin, Terra and Litecoin. Solana is in the red today after questions with her network yesterday.

Cryptocurrency Market Overview.  Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

DAO Curve Token (20%) and Ivy Hashgraph (19%) spent the most out of the top 100 coins in a day. IOST (16%), Aave (16%), SushiSwap (15%), eCash (14%), Combination (12%), Fantom (11%), Theta (11%), and Fluxus (10%) followed.

cryptocurrency market cap has just recovered more than $150 billion from its two-day low since the past two days and currently stands at over $2.1 trillion.

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