Green

PEPE

Daily

Coin

Bitcoin’s price suddenly surged hours ago from about $58,000 to a weekly high of just over $61,000 before retracing slightly. 
The altcoins have also turned green, and the total market cap has added more than $60 billion since yesterday. 
<h2 id="btc-tapped-61k">BTC Tapped $61K</h2> 
The end of the previous business week saw a substantial decline for bitcoin as the asset slumped to just over $56,000. However, the <a href="https://cryptopotato.com/is-the-bitcoin-price-in-grave-danger-3-bearish-and-2-bullish-signs-for-btc-to-watch/" data-wpel-link="internal">bulls</a> were able to intervene and prevent any further corrections. As the weekend arrived, BTC had recovered some ground and stood in a tighter range between $59,000 and $60,000. 
The start of the new business week saw another retracement. This time, the cryptocurrency <a href="https://cryptopotato.com/bitcoin-price-stalls-below-59k-in-anticipation-of-this-weeks-fed-minutes-market-watch/" data-wpel-link="internal">dropped</a> from about $60,000 to $58,000. 
However, the trends quickly reversed on Tuesday morning as bitcoin skyrocketed by more than three grand and surged past $61,000 for the first time since last Wednesday. Despite losing some traction and currently trading below that level, BTC is still 3.5% up on the day. 
Its market capitalization has tapped $1.2 trillion on CG once again, while its dominance over the alternative coins stands close to 54%. 
<figure id="attachment_354796" aria-describedby="caption-attachment-354796" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-16.png" data-wpel-link="internal"><img class="size-full wp-image-354796" src="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-16.png" alt="Bitcoin/Price/Chart 20.08.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-16.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-16-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-16-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-16-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-16-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-16-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-354796" class="wp-caption-text">
 Bitcoin/Price/Chart 20.08.2024. Source: TradingView
 </figcaption>
</figure> 
<h2 id="alts-see-green">Alts See Green</h2> 
Most of the altcoins have mimicked BTC’s performance over the past 12 hours or so. BNB is at the forefront among the larger caps, having added 6% of value. As a result, Binance Coin now sits above $565. Ripple’s native token has increased by a similar percentage and trades north of $0.6. 
The other notable gainers from this cohort of assets include Tron and Avalanche. Both of them are up by 6-7% and trade at $0.15 and $22, respectively. 
Further gains come from the likes of FET (10%), SUI (9%), and PEPE (9%), while LTC is the only alt with a minor decline on a daily scale. 
The cumulative market capitalization of all crypto assets has increased by about $60 billion since yesterday and is above $2.230 trillion now. 
<figure id="attachment_354797" aria-describedby="caption-attachment-354797" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-20-114922.png" data-wpel-link="internal"><img class="size-full wp-image-354797" src="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-20-114922.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1879" height="825" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-20-114922.png 1879w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-20-114922-300x132.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-20-114922-1024x450.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-20-114922-768x337.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-20-114922-1536x674.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-20-114922-50x22.png 50w" sizes="(max-width: 1879px) 100vw, 1879px"></a>
 <figcaption id="caption-attachment-354797" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure> 
The post <a href="https://cryptopotato.com/bitcoin-tapped-6-day-high-above-61k-ripple-jumps-6-daily-market-watch/" rel="nofollow">Bitcoin Tapped 6-Day High Above $61K, Ripple Jumps 6% Daily (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Bitcoin Tapped 6-Day High Above $61K, Ripple Jumps 6% Daily (Market Watch)

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