After a few days of trading sideways, bitcoin went on the offensive hard in the past 12 hours or so and shot up to nearly $30,000.<\/p>\n
The altcoins have also turned green, with SOL, BCH, XRP, XLM, and MNT skyrocketing by up to 12%.<\/p>\n
BTC Eyes $30K<\/h2>\n
The start of the business week was quite positive for the primary cryptocurrency, which pumped to $28,000 after a boring weekend. Monday saw another mindblowing price surge when a fake report in regards to the SEC approving a spot BTC ETF pushed the asset north by around two grand to a multi-month peak of just under $30,000.<\/p>\n
However, the subsequent rebuttal of the report resulted in a similar price drop that erased all gains. The bulls tried to drive the cryptocurrency north in the following days but to almost no success<\/a>. That changed in the past day or so, though.<\/p>\n BTC shot up<\/a> to $29,400 late on Thursday before soaring even more to its current price point of $29,800. Being so close to the $30,000 milestone means that its market cap has increased to over $580 billion.<\/p>\n Its dominance over the altcoins, which has been on a steady rise in the past week or so, is now up to 51.7%.<\/p>\n The altcoins have also followed BTC\u2019s upward trajectory. Ethereum has gained about 4% on the day and sits above $1,600. BNB, Cardano, Dogecoin, Tron, Toncoin, Polygon, Polkadot, and Litecoin have soared by similar percentages.<\/p>\n Ripple is up by 7% now following the latest positive developments<\/a> in the company\u2019s legal case against the SEC.<\/p>\n Solana, though, has stolen the show from the larger-cap landscape with a massive 13% daily surge. Consequently, SOL sits at a multi-week high at $27.<\/p>\n More impressive gains come from the likes of Bitcoin Cash, Avalanche, XLM, MNT, and OP. Bitcoin SV and Stacks have skyrocketed the most from the mid-cap alts, by 30% and 20%, respectively.<\/p>\n The total crypto market cap has added over $40 billion daily and sits well above $1.2 trillion on CMC.<\/p>\nSOL Steals the Show<\/h2>\n
<\/a>
\nBinance Free $100 (Exclusive): Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (terms<\/a>).<\/p>\n