The bitcoin dominance metric has increased by 2% in the past few days as BTC jumped to a multi-week high.
This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:After a brief retracement there, BTC initiated another leg up in the past 24 hours and jumped above $22,000 for the first time since August 29. As of now, it still trades north of that line. Its market cap stands tall at $425 billion, and its dominance over the altcoins is up to almost 40%.
Ethereum, perhaps fueled by the hype around the upcoming Merge, went from $1,500 to almost $1,750 in a matter of days. Now, the second-largest crypto stands slightly in the red, but it still stands north of $1,700. Ripple, Cardano, Dogecoin, and Polygon have also charted insignificant daily losses. In contrast, Binance Coin, Polkadot, Shiba Inu, and Avalanche are slightly in the green.
Solana has gained the most from the larger-cap alts, with a 2.6% daily increase, and now stands at $35. Uniswap is up by a similar percentage to $6.7.Cryptocurrency Market Overview. Source: Quantify Crypto
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