Cardano (ADA) hit $ 2 (market watch)

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BTC bulls intercepted yesterday’s correction and the asset has recovered more than $ 2,000 from the bottom. The situation with altcoins is quite similar, with green dominating the market. Cardano continues to appreciate in value by touching $ 2 for the first time in three months.

Bitcoin recovers more than $ 2,000

As reported yesterday, the major cryptocurrency had just hit a new nearly three-month high of $ 46,800 when bears regained control of the market.

After the peak, the asset started to lose value quite quickly. This resulted in a price drop of $ 4,000, after which BTC fell below $ 44,000 for the second time in less than a week.

However, the bulls have stepped up at this point and reversed the trajectory of the cryptocurrency. Bitcoin went into tears, took back $ 44,000 and $ 45,000 in hours, and started another step. The most recent saw him win back $ 46,000.

So, BTC has managed to add around $ 2,500 since yesterday’s drop and currently sits above $ 46,000. Nonetheless, its dominance again lost ground as several altcoins outperformed their leader.

BTCUSD. Source: TradingViewGreen Altcoin Market; ADA earns $ 2

Most of the alternative coins were also corrected yesterday with ETH falling to just over $ 3,000. However, the second largest digital asset has rebounded well and is currently trading above $ 3,200.

Binance Coin recovered $ 400 after a 4% increase. Ripple (2.5%) sits above $ 1, while Dogecoin, Polkadot, Uniswap, Bitcoin Cash, and Litecoin are also in the green.

Solana rose more than 5% and stood at $ 43. Cardano is the biggest winner of the top 10 chips as he pumped 8.5%. A few hours ago, ADA even briefly had $ 2, which became its highest price line since mid-May.

Overview of the cryptocurrency market. Source: quantifying crypto

Other gains come from The Graph (15%), Chiliz (13%), Waves (12%), Nano (12%), SushiSwap (11%) and VGX (10%).

As such, the cumulative market cap of all crypto assets has recovered around $ 100 billion from yesterday’s low and is well above $ 1.9 trillion now.

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TradingView cryptocurrency charts.

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