Cryptocurrency

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Bitcoin continues to reclaim some ground and has jumped above $55,000 for the first time since the Friday crash today.
The altcoins are also slightly in the green, with ETH standing above $2,300 and BNB solidifying its position north of $500.
<h2 id="btc-above-55k">BTC Above $55K</h2>
The primary cryptocurrency went through a highly volatile and mostly bearish week as it dropped from nearly $60,000 (on Tuesday) to a monthly low of under $53,000 by Friday evening. In between, it registered a few lower highs, but the landscape showed a false promise on Friday afternoon when the US <a href="https://cryptopotato.com/bitcoin-price-reacts-to-us-jobs-report-and-declining-unemployment-rate/" data-wpel-link="internal" rel="noopener noreferrer nofollow">released</a> its jobs report.
Within minutes, BTC jumped from $55,500 to $57,000, but that was short-lived. Instead of heading further north, it quickly reversed its trajectory and plummeted by over four grand in hours, leaving <a href="https://cryptopotato.com/150m-in-liquidations-as-bitcoin-btc-price-falls-2-5k-in-minutes/" data-wpel-link="internal" rel="noopener noreferrer nofollow">millions in liquidations</a>.
Bitcoin began its sluggish recovery during the weekend amid <a href="https://cryptopotato.com/wheres-the-bitcoin-price-bottom-3-educated-guesses/" data-wpel-link="internal" rel="noopener noreferrer nofollow">speculations</a> about whether it had found it bottom, <a href="https://cryptopotato.com/bitcoin-price-reclaims-54k-level-sui-explodes-11-daily-weekend-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">spending</a> it at around $54,000. Monday started on another positive note as the asset jumped above $55,000 for the first time since Friday.
Being more than 1% up on the day means that its market cap has increased to $1.090 trillion. However, its dominance over the alts still struggles at just over 53% on CG.
<figure id="attachment_358854" aria-describedby="caption-attachment-358854" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-10.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-358854" src="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-10.png" alt="Bitcoin/Price/Chart 09.09.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-10.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-10-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-10-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-10-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-10-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/BTCUSD-10-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-358854" class="wp-caption-text">
 Bitcoin/Price/Chart 09.09.2024. Source: TradingView
 </figcaption>
</figure>
<h2 id="ton-on-the-rise">TON on the Rise</h2>
Toncoin has been among the poorest performers in the past several weeks, mostly due to the arrest of Telegram’s CEO – Pavel Durov – in France. However, the asset has gained the most from the top 20 cryptocurrencies today. It’s up by 6.4% daily and has reclaimed the $5 level.
FET and AAVE are the other notable gainers from the larger-cap alts. FET is up by 5.5%, while AAVE has soared by 9%.
ETH, BNB, DOGE, TRX, ADA, SHIB, and BCH have also charted minor increases, while LINK, UNI, AVAX, and NEAR have added around 3-4% of value daily.
The total crypto market cap has jumped by $30 billion since yesterday and is up to $2.050 trillion on CG.
<figure id="attachment_358867" aria-describedby="caption-attachment-358867" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-09-114955.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-358867" src="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-09-114955.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1884" height="826" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-09-114955.png 1884w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-09-114955-300x132.png 300w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-09-114955-1024x449.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-09-114955-768x337.png 768w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-09-114955-1536x673.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/Screenshot-2024-09-09-114955-50x22.png 50w" sizes="(max-width: 1884px) 100vw, 1884px"></a>
 <figcaption id="caption-attachment-358867" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/btcs-recovery-continues-with-a-rise-above-55k-ton-shoots-up-7-daily-market-watch/" rel="noopener noreferrer nofollow">BTC’s Recovery Continues With a Rise Above $55K, TON Shoots Up 7% Daily (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

BTC’s Recovery Continues With a Rise Above $55K, TON Shoots Up 7% Daily (Market Watch)

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