Bitcoin Maintains $46K, Terra (LUNA) Soars 9% to New All-Time High (Market Watch)

Bitcoin has calmed once again over the $46,000 mark, while some altcoins have reduced its dominance over the market with impressive gains. Terra is among those as LUNA soared by almost 10% in a day and charted a new all-time high at close to $120.

Terra’s Latest ATH

Most altcoins experienced enhanced volatility a couple of days ago, went back on the offensive yesterday, and have stalled today.

Ethereum, for example, dipped to $3,300 before it shot up to just over $3,500 yesterday. This became its highest price tag in three months. As of now, the second-largest crypto has calmed around $3,500.

Terra is the most significant gainer from the top 10 coins with a 9% increase. Consequently, LUNA registered a new all-time high just days after the previous one. According to CoinGecko, the latest peak comes at just shy of $120.

NEAR Protocol and Cosmos have also painted substantial price increases on a daily scale. As such, NEAR sits at $17, while ATOM trades above $32.

Binance Coin, Solana, Ripple, Cardano, Avalanche, Polkadot, Dogecoin, and Shiba Inu have displayed more modest price movements.

Moonbeam has surged the most from the top 100 coins with a 24% pump. ECash, Secret, Convex Finance, and Helium are next.

The crypto market cap has added around $30 billion since yesterday and stands at around $2.160 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto

Bitcoin Chills at $46K

Bitcoin also went through a massive price drop at the end of the week by dumping from $47,500 to a multi-day low of just over $44,000.

However, the bulls intercepted the move and pushed the asset north almost immediately. As such, BTC spiked to just over $47,000 hours later but failed to maintain that level and retraced by around a thousand dollars.

As of now, the cryptocurrency has regained some value again and sits around $46,400. Its market capitalization has remained well below $900 billion, while its dominance over the altcoins has been reduced to under 41% due to some of their gains.

BTCUSD. Source: TradingView

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