Bitcoin continued to rise in the last 24 hours and hit a ten-day high of just under $22,000. Most altcoins have pulled back slightly in the same time frame except for Dogecoin, which is up over 9%.
After bottoming out at $17,500 last Sunday, an 18-month low, the top cryptocurrency began its rally on Monday and quickly reclaimed the coveted $20,000 line.
She sank several times in the following days but remained north for longer periods. The bulls tried to push it higher, but BTC stalled at under $21,500 midweek.
However, another rally occurred in the last 24 hours that saw an even higher price. After being mostly calm over the weekend, Bitcoin went on the offensive side and hit $21,900; this became the highest line BTC had seen on June 16.
Like Bitcoin, most altcoins were relatively quiet over the weekend. However, the beginning of this week brought some good news for Ethereum as it managed to break its longest losing strike of 11 consecutive weekly candles in the red.
This came after ETH rallied over $300 in the past seven days and topped $1,200. However, on a daily scale, most alternatives are slightly in the red. This includes Ripple, Cardano, Solana, Polkadot, and the recent flyer: Shiba Inu.
The cryptocurrency market capitalization has also been quiet daily and stands at just over $950 billion