While Bitcoin is very close to its all-time high, it continues the Cardano (ADA) rally, which has become the 4th largest cryptocurrency by market cap.
After another increase that pushed BTC to $ 41,000, the cryptocurrency was pulled below the coveted $ 40,000 level. The value of the cryptocurrency market has risen to over $ 1.2 trillion, but most altcoins have also withdrawn as they were subject to some correction. Cardano is the only exception to reach the highest level in the last 3 years with a massive 20% increase.
Bitcoin hits $ 41,000 but withdrew
The leading cryptocurrency was gradually increasing until it rose above $ 37,000 just days before the drop on Monday. However, the bulls met at this point and pushed BTC over $ 40,000.
Also, Bitcoin hit an intraday high of $ 41,000.
However, the bears caught the action at that point and did not allow the bulls to make another move. On the contrary, BTC started to return to an intraday low of $ 38,000. Still, it has since bounced off and got back $ 39,000.
New record from Cardano
Most alternative cryptocurrencies have made significant gains in the past few days, leading to all-time highs for Ethereum, Polkadot, and Binance Coin. As a result, its total market cap also broke a record with $ 1.220 trillion.
However, the situation has changed a little in the last 24 hours. Ethereum has dropped over 2% and is currently under $ 1,650. Bitcoin Cash, on the other hand, fell 5% to less than $ 460.
Chainlink (-4%), Polkadot (-2%) and Litecoin (-4%) were all down red, while BNB and XRP showed small gains.
However, Cardano became the highest earner of the coin in the top 10, with a massive 23% increase. As a result, ADA jumped to a new 3-year high for the token at $ 0.67.