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Bitcoin continued to climb higher in the past 24 hours, reaching its highest price tag since early September.

Most altcoins are also slightly in the green, with ETH nearing $1,600. Shiba Inu, though, is on another level following a 16% daily surge.

Bitcoin Touched $21.5K

It’s safe to say that the start of 2023 has been quite positive for the primary cryptocurrency. After a quiet first few days, it finally broke above $17,000 last Monday and hasn’t looked back since.

Just the opposite, it began to overcome round-numbered milestones in the following days, culminating in a surge beyond $21,000 on Saturday and hundreds of millions of dollars worth of liquidations.

Sunday was calmer, as usual, and so were the next few days. Nevertheless, bitcoin maintained above $20,000 and had frequent jumps to $21,000.

The past 24 hours brought one more minor price increase that pushed the cryptocurrency to just under $21,600 (on Bitstamp). This became the asset’s highest price tag since September 12.

Despite losing some ground in the following few hours, BTC’s market cap is still close to $410 billion, and its dominance over the alts stands firm above 41%.

BTCUSD. Source: TradingView

SHIB Soars

Most altcoins have been on a roll as well since the start of the year, and the past 24 hours have delivered minor increases as well.

Ethereum stands close to $1,600 after a 1% price jump on a daily scale. It’s worth noting that the second-largest cryptocurrency traded below $1,200 up until just a few weeks ago.

Binance Coin, which went through a substantial token burn yesterday, is still at $300, despite a slight retracement.

Solana has lost the most from the larger-cap alts (-5%), followed by MATIC (-2%) and Cardano (-1%). In contrast, Dogecoin, OKB, and LTC have increased by up to 3.5% in a day.

Nevertheless, the day so far belongs to Shiba Inu. The memecoin has exploded by over 15% in the past 24 hours and trades at $0.000012.

The crypto market cap has added a few billion overnight and is close to $1 trillion on CoinMarketCap.

Cryptocurrency Market Overview. Source: Quantify Crypto

The post Market Watch: Shiba Inu Skyrockets 16%, Bitcoin Tapped 3-Month High appeared first on CryptoPotato.

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