Bitcoin Maintains $47K, WAVES Soars 70% Weekly (Market Watch)

After a few days of consecutive price gains, bitcoin retraced slightly and calmed around $47,000. Most altcoins have also stalled since yesterday, with a few exceptions. Waves is among those with an 11% daily increase and 70% weekly jump.

Bitcoin Remains Above $47K

It’s safe to say that the past several days went quite well for the primary cryptocurrency. It all started on March 25 when the asset dipped below $44,000 but quickly reversed its trajectory.

In the following hours, it added nearly $2,000 of value and spiked above $45,000 for the first time in weeks. It couldn’t maintain that level and retraced shortly after but went back on the offensive on March 28, as CryptoPotato reported.

This time, the asset broke above $45,000 decisively and kept climbing to an intraday high of just under $48,000. On the next day, it briefly surpassed that level to mark its highest price point since January 2.

Since then, BTC started retracing and even dipped to $46,500 hours ago. Nevertheless, it trades around $1,000 higher now, and its market cap stands at $900 billion.

BTCUSD. Source: TradingView

Waves Soars Weekly

The altcoins charted impressive gains in the past few days as well. Ethereum broke above $3,000 last week and kept climbing to mark multi-month highs of its own. It even went north of $3,400 yesterday, but it has retraced to that particular level as of now.

Binance Coin stands above $435 after another minor daily increase. Most other larger-cap alts are slightly in the red today. These include Ripple, Cardano, Polkadot, Dogecoin, Shiba Inu, CRO, Polkadot, and MATIC.

Terra, which marked a new all-time high yesterday, is in the green today, trading around its peak.

NEAR Protocol has soared by 9% in the past 24 hours and now stands close to $15. Waves is among the best performers in the past week or so with a 70% surge. On a daily scale, WAVES is up by over 10%.

The crypto market cap is still above $2.1 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto

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