Bitcoin shows no signs of slowing down after another record above $ 56,500. Ethereum crossed $ 2,000 and eventually DOT touched $ 40.
Bitcoin towards new records
Earlier this week was when the leading cryptocurrency was struggling around the $ 46,000 price tag after a sharp decline. However, the asset quickly reversed the trend and began to appreciate considerably. This situation brought new records one after another.
When it hit over $ 50,000 on Wednesday, Bitcoin hasn’t fallen back since then.
As of now, the all-time high in BTC is $ 56,620, according to Bitstamp. This level came shortly after Tesla’s Elon Musk posted another BTC tweet.
Although Bitcoin has retreated somewhat since then, it is still trading above $ 55,000 at the time of writing these lines. A more important development is the market value of over $ 1 trillion.
DOT is in the top 4
The altcoin market has also made significant gains over the past week. In the last 24 hours, the situation has only intensified under Ethereum leadership. The second largest cryptocurrency has also surpassed an important milestone after surpassing $ 2,000 for the first time in its 6-year history.
Litecoin (4%), Ripple (6%) and Chainlink (7%) are other coins that have increased. However, with the recent rise of BNB and DOT, these coins were in their ranks.
DOT jumped 20% to an all-time high of about $ 40. This level made Polkadot the 4th largest project in terms of market value, surpassing Tether (USDT). Cardano went above $ 1 for the first time in three years after a 16% increase.
Unquestionably the best performer in recent weeks, Binance Coin experienced an increase towards the level of about $ 350 yesterday.
Despite returning to about $ 300, BNB has gained more than 120% in seven days.