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Bitcoin Sees New All-Time High, Chainlink Explodes 15% in a Day
The cryptocurrency market has been experiencing unprecedented volatility as of late. In today’s trading session, Bitcoin (BTC) has reached an all-new all-time high (ATH), while Chainlink (LINK) has exploded by a staggering 15%.
The past week has seen some dramatic price action from the largest digital asset, with BTC plummeting below $100,000 before reversing its trajectory and surging to over $109,000. At press time, it’s settled just above $108,000. This new ATH comes alongside a market capitalization of approximately $2.14 trillion, accompanied by an impressive 55.4% dominance in the altcoin space.
BTC/USD has charted this new ATH on TradingView.
Meanwhile, Chainlink (LINK) has taken center stage with its extraordinary 15% daily surge, pushing its token value above $26.
In contrast to Monday morning’s market dip, most altcoins have managed to bounce back and now operate in positive territory. Ethereum, as an example, has seen a 5.5% increase since yesterday, while ADA is up by a similar margin. Notable mentions also include XRP, BNB, DOGE, XLM, TRX, and AVAX, all of which have gained ground today.
It’s worth noting that two meme coins linked to the US President, TRUMP, and his wife MELANIA, experienced significant price fluctuations during the trading day. As the day progresses, we can expect this volatility to continue.
The total crypto market capitalization has increased by over $100 billion since yesterday and now sits above $3.86 trillion on CG.
In conclusion, while some altcoins have taken a hit in recent hours, LINK’s explosive 15% daily surge remains a major talking point within the cryptocurrency space today.
Source: cryptopotato.com
