Bitcoin Tops $17K as Crypto Market Cap Eyes $900 Billion

Bitcoin Tops, Crypto markets bounce in today’s trading session as BTC charts a 3.5% increase from daily lows to local highs.

After days of consolidation and a downward-leaning sideways action, the cryptocurrency market has finally bounced and seen a sea of green on the trading charts. The total capitalization is aimed at $900 billion.

Bitcoin Price Tops $17K

Over the past 24 hours, Bitcoin managed to increase finally and has topped the coveted $17K level in the process.

BTC increased from an intraday low of $16,733 to a local high of $17,330 (on Binance) which marks gains of around 3.5%.

Bitcoin’s dominance – the metric that gauges its share relative to that of the entire market – also increased a bit. This is important because it tells of the current state of things where altcoins are performing slightly less than BTC.

Altcoins Also Green

Despite performing worse than BTC, most of the cryptocurrencies are also trading well in the green today.

As seen in the above heatmap, Ethereum is one of the best performers amid the top coins using a total market cap, and it’s up almost 4% on the day, aiming for $1,300. Litecoin and MATIC are also charting similar gains.

Trust Wallet’s TWT token and The Graph (GRT) are today’s champions, up around 8.5% in the past 24 hours. On the other end of the spectrum, Radix (XRD) failed to keep up and declined by a considerable 10% during the day.

The increase has also had a positive impact on the broader market sentiment. Data shows that it transitioned from a state of ‘extreme fear’ to ‘fear.’

Disclaimer: Information found on Toponline4u is those of the writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your research before making any investment decisions. Use provided information at your own risk.