Binance Coin charted a new two-month high, while bitcoin soared and tapped $24,000.
After several days of trading sideways around $23,000, bitcoin finally initiated a leg up towards $24,000.
Most altcoins are also well in the green today, with Binance Coin soaring to a new two-month high, while FLOW has skyrocketed by double digits.Ever since last week’s rejection above $24,500, bitcoin was in some form of a stalemate. The asset had retraced back down to $22,400 but spent most of the next few days around the $23,000 mark.low trading volumesHowever, as the new week began with early Asian trading hours, BTC started to gain value and finally broke out of its consolidation range.
Ethereum managed to reclaim $1,700 yesterday, and a minor daily increase has pushed the second-largest crypto to around $1,750 now. Binance Coin continues to chart new local peaks. BNB is up by over 5% in a day and trades near $330 – the highest the asset has seen since early June. Cardano has added a similar percentage, while Solana, Polkadot, and Avalanche have increased by up to 10%.The crypto market cap is up by about $40 billion in a day and sits well above the $1.1 trillion level.
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