Shiba

Cryptocurrency

Bitcoin

Polkadot

Avalanche

Bitcoin’s price failed to overcome the $62,000 level yesterday but has remained above $61,000 despite a brief hiatus to under $60,000. 
Several altcoins have produced notable increases daily, with AVAX leading the trend. The asset has soared to $26. 
<h2 id="btc-still-above-61k">BTC Still Above $61K</h2> 
The primary cryptocurrency fell hard at the end of the previous business week to just over $56,000. However, its descent was quickly halted by the bulls as they initiated a rapid recovery that pushed BTC to around $59,500 by the time the weekend had arrived. 
After a quiet Saturday and Sunday, bitcoin retraced once again on Monday and slipped to $58,000. The bulls produced another run toward $61,000 on Tuesday before the asset fell back down to $59,000 on Wednesday. 
Thursday saw one more leg up that resulted in BTC <a href="https://cryptopotato.com/bitcoin-btc-price-headed-toward-62k-polygon-matic-soars-12-daily-market-watch/" data-wpel-link="internal">nearing</a> $62,000 for the first time in a week. However, it failed to conquer that level and the subsequent rejection pushed it south to $60,000. 
Nevertheless, the cryptocurrency has managed to recover most of the losses and now sits above $61,000 again. Its market capitalization has increased to almost $1.210 trillion, while its dominance over the alts has taken a beating and is down to 53.3%. 
<figure id="attachment_355570" aria-describedby="caption-attachment-355570" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-19.png" data-wpel-link="internal"><img class="size-full wp-image-355570" src="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-19.png" alt="Bitcoin/Price/Chart 23.08.2024. Source: TradingView" width="1835" height="827" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-19.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-19-300x135.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-19-1024x461.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-19-768x346.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-19-1536x692.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/BTCUSD-19-50x23.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-355570" class="wp-caption-text">
 Bitcoin/Price/Chart 23.08.2024. Source: TradingView
 </figcaption>
</figure> 
<h2 id="avax-soars-double-digits">AVAX Soars Double Digits</h2> 
Most altcoins have turned green on a daily scale, including ETH. The second-largest cryptocurrency is up by 1.5% and now sits close to $2,700. Solana, Toncoin, Dogecoin, Tron, Shiba Inu, and Polkadot have all charted similar gains. 
Cardano and NEAR have risen by 5-6% daily to $0.38 and $4.5, respectively. ICP, APT, and FIL have produced similar increases. 
Avalanche has taken the main stage from the larger-cap alts. AVAX has soared by 11% and now trades at $26. FET is the other double-digit gainer and has jumped to just under $1.1. 
The total crypto market cap has added around $20 billion overnight and is up to $2.270 trillion on CG. 
<figure id="attachment_355572" aria-describedby="caption-attachment-355572" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-23-115331.png" data-wpel-link="internal"><img class="size-full wp-image-355572" src="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-23-115331.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1884" height="837" srcset="https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-23-115331.png 1884w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-23-115331-300x133.png 300w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-23-115331-1024x455.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-23-115331-768x341.png 768w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-23-115331-1536x682.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/08/Screenshot-2024-08-23-115331-50x22.png 50w" sizes="(max-width: 1884px) 100vw, 1884px"></a>
 <figcaption id="caption-attachment-355572" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure> 
The post <a href="https://cryptopotato.com/avalanche-avax-skyrockets-11-to-26-bitcoin-btc-maintains-61k-market-watch/" rel="nofollow">Avalanche (AVAX) Skyrockets 11% to $26, Bitcoin (BTC) Maintains $61K (Market Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Avalanche (AVAX) Skyrockets 11% to $26, Bitcoin (BTC) Maintains $61K (Market Watch)

Table of Contents

CryptoPotato_News

Other articles published on Aug 23, 2024

Binance Ex-CEO Changpeng Zhao Relocated to New Facility

Ethereum Shows Strong Stability Above Key Levels

Marathon Digital Acquires $249M in Bitcoin Following $300M Senior Note Offering

Best Ways to Spend Your Bitcoin in 2024

Vitalik Buterin’s Bullish Tweet Sparks 2.76% Rise in Ethereum’s Price

Dogwifhat Gains Rapidly in Value

Join our free newsletter for daily crypto updates!