Double- and Triple-Digit Gains for These Altcoins as Bitcoin Flirts With $120K: Market Watch
Main Idea
Bitcoin recovered some ground after a dip, while several altcoins, including OKB, saw significant gains, with the total crypto market cap rising.
Key Points
1. Bitcoin bounced back to $120K after a dip below $113,000 last week, nearing its all-time high before slipping to $118,000 following the US CPI announcement.
2. OKB surged by 130% to a new all-time high above $135, while other altcoins like GT, CRV, PUMP, SOL, DOGE, and ADA also saw double-digit gains.
3. Ethereum approached its 2021 all-time high, surpassing $4,600.
4. The total crypto market cap increased to $4.160 trillion, with Bitcoin's dominance over altcoins dropping to under 58%.
Description
Bitcoin was stopped yesterday ahead of its all-time high, but has managed to recover some ground following the US CPI announcement for July. Many altcoins have marked mindblowing gains over the past day, including OKB, which has skyrocketed by triple digits since yesterday. BTC Bounces to $120K Bitcoin’s price actions in the past few days have been rather notable, even though most altcoins have outshone it. Just last week, the cryptocurrency struggled to remain above $113,000 after a dip below t...
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