Bitcoin’s recent erratic performance has continued over the past 24 hours as the asset hit $25,000 again before falling to $500.
Several altcoins also performed well, with OKB stealing the show and hitting a new all-time high above $50.
Bitcoin stops at $25,000 again
It was only a few days ago that the leading cryptocurrency fell to $21,500 amid continued regulatory scrutiny by US authorities.
In just one day, they pushed Bitcoin from $21,500 to just under $25,000, a multi-month high. BTC initially failed to surpass that level, but after a few hours, it finally did, reaching its highest level since August 2022.
The bears intercepted the move and sent BTC plummeting, dropping below $24,000 yesterday. Nonetheless, Bitcoin is back on the right track today, having crossed $25,000 again a few hours ago.
Since then, it has returned about $500 and is still up 3.3%. With its market capitalization he approaches $475 billion, a 42.5% advantage over Alt is cemented.
OKB’s latest ATH
Since the demise of FTX and the subsequent need for proof of readiness from exchanges, OKX has been at the forefront and its native token is doing well. OKB hit an all-time high above $50 a few days ago. After a slight setback yesterday, it’s starting to move again today, with yet another peak after an 8% daily increase.
MATIC and Polkadot are today’s impressive profits from the top 10 altcoins. Both are up 6-8%. Ethereum, Binance Coin, Cardano, Ripple, Shiba Inu, and Dogecoin are also green on the daily scale, albeit in a more conservative manner.
Filecoin was yesterday’s top performer and has achieved it again this time. FIL is up another 14% and is trading near $7.50.
Cryptocurrency market capitalization regained $1.1 trillion after gaining $30 billion in one day.
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cryptocurrency chart By TradingView.