Cardano (ADA) Sets New All-Time High as Bitcoin Recovers $ 49,000: Weekend Watch

[ad_1]

After a sharp retracement below $ 49,000, bitcoin rallied and recovered to that particular level. Most altcoins have stalled since yesterday, with the exception of Cardano. ADA painted a new all-time high above $ 2.6.

ADA’s latest ATH; Alts Calm

Alternative coins were all covered in green yesterday with impressive gains across all charts. Ethereum briefly exceeded $ 3,300, but has since retreated slightly and is currently below that level.

Binance Coin, which hit a new three-month high at over $ 460, is down to $ 455. Ripple (-1%), Dogecoin (-2.5%), Polkadot (-3%), Uniswap (-2%), Bitcoin Cash (-1%), and Chainlink (-2%) also corrected slightly in a day .

Solana lost the most value (-5%) after drawing an ATH yesterday. Speaking of record highs against the dollar, ADA did so today after rising 5% to just over $ 2.6. The native Cardano coin is up 160% since the July 20 market correction when it fell below $ 1.

Overview of the cryptocurrency market. Source: quantifying crypto

More impressive payouts are evident for low and mid cap altcoins. NEAR Protocol (30%) is in the lead, followed by THORChain (18%), Cosmos (16%), Fantom (13%), Enjin (11%), Chiliz (10%) and Filecoin (10%).

The cumulative market capitalization of all cryptocurrency assets has also remained relatively stable and stands above $ 2.1 trillion.

Bitcoin is above $ 49,000

The major cryptocurrency has also been a notable performer over the past few days. On August 19, it struggled when it fell to $ 44,000.

However, the landscape has changed completely at this point, with the bulls taking over and sending the cryptocurrency north. Bitcoin added several thousand dollars of value and stood at $ 47,000.

That was not all as BTC took another step, this time it broke above $ 49,000 as reported yesterday. The bears briefly regained control and pushed him south by $ 1,000. Nonetheless, bitcoin moved north and only came back to $ 200 from touching $ 50,000. It became its highest price line in three months.

At present, BTC is still above $ 49,000 and its market cap is $ 925 billion.

BTCUSD. Source: TradingView SPECIAL OFFER (Sponsored) Binance Futures FREE USDT 50 Voucher: Use this link to sign up and get 10% fee discount and USDT 50 when trading USDT 500 (limited offer).

PrimeXBT Special Offer: Use this link to register and enter the code POTATO50 to get a 50% free bonus on any deposit up to 1 BTC.

Disclaimer: The information found on CryptoPotato is that of the cited authors. It does not represent the views of CryptoPotato on whether to buy, sell or hold investments. You are advised to do your own research before making any investment decisions. Use the information provided at your own risk. See Disclaimer for more information.

TradingView cryptocurrency charts.

[ad_2]