Both assets climbed by double digits on a daily scale, followed by DASH and MNT.
The Bitcoin price rally that began a few days ago pushed the asset to just over $78,000 before being halted and pushed south by around $500.
Minor gains are evident for BNB, SOL and DOGE, but, as mentioned in the title, two larger-cap alts stole the show.
BTC’s advance stopped at $78,000
Bitcoin was rejected at $82,000 multiple times last week, with the latest example occurring on Thursday. At the time, the cryptocurrency gained over $3,000 within hours of the CLARITY Act passing the US Senate Banking Committee. However, it was unable to continue climbing and quickly lost the psychological level of $80,000.
It dipped again Friday night to below $79,000 before declines took it a bit lower to below $78,000 on Saturday. After a relatively calm Sunday, the largest digital asset fell again on Monday and Tuesday. This time it dropped to $76,000, which became its lowest price in over three weeks.
After losing over $6,000 in several days, the bulls finally stepped in and avoided another setback. BTC began a gradual recovery that took it over $77,000 yesterday and just north of $78,000 earlier this morning. However, it was unable to continue climbing and is now below this level.
Its market capitalization fell to less than $1.56 trillion, while its alt dominance was reduced slightly to 58.2% on CG.
ZEC, HYPE on the rise
Ethereum continues with its disappointing performance, being slightly in the red daily, but it still sits above $2,100. On the other hand, BNB, SOL, DOGE, BCH and XMR see gains of 1-2%. HYPE has exploded the most among larger-cap alternative stocks. It’s up 19% daily to $58, bringing it closer to a new all-time high.
ZEC added over 13% in value and is now trading well above $660. DASH, MNT, ONDO and TAO follow suit, while SUI and NEAR come next in terms of daily earnings.
The total crypto market cap increased by over $30 billion in a day and is nearing $2.680 trillion on CG.
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