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Bitcoin’s highly positive week continued yesterday as the asset jumped above $77,000 to chart another all-time high before retracing slightly.
However, some of the altcoins have emerged as today’s top performers, including Ethereum, which was relatively sluggish until this week.
<h2 id="btc-s-latest-peak">BTC’s Latest Peak</h2>
The start of the business week was quite underwhelming for the primary cryptocurrency as it dropped below $67,000 on Monday and stood there for most of Tuesday. However, that seems like a lifetime ago now given what transpired in the following days.
Once Donald Trump’s lead in the<a href="https://cryptopotato.com/us-presidential-elections-2024-results-donald-trump-declares-victory/" data-wpel-link="internal" rel="noopener noreferrer nofollow"> US presidential elections</a> started to grow on Wednesday morning, BTC’s price went on the run and skyrocketed by eight grand to a fresh all-time high of over $75,000. The bulls kept the gas pedal pressed, and bitcoin soared to $77,000 on Thursday when the US Federal Reserve <a href="https://cryptopotato.com/bitcoin-price-at-all-time-high-as-fed-cuts-interest-rates-by-25-basis-points/" data-wpel-link="internal" rel="noopener noreferrer nofollow">announced</a> another rate cut.
Friday was initially less volatile as BTC stood around $76,000, but it <a href="https://cryptopotato.com/ethereum-bear-liquidated-for-23m-as-eth-eyes-3k-btc-notches-new-ath/" data-wpel-link="internal" rel="noopener noreferrer nofollow">jumped</a> once again in the evening to $77,240 to mark its latest peak. Despite retracing to $76,500 now, bitcoin is still up by 10% on a weekly scale and more than 25% in the past month.
Its market capitalization now stands well above $1.5 trillion, making it the <a href="https://cryptopotato.com/bitcoin-returns-to-top-10-biggest-global-assets-by-market-cap-after-soaring-to-75k/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ninth-largest global financial asset</a>. Its dominance over the altcoins, though, has been reduced to 55.5% after peaking at 57%.
<figure id="attachment_369868" aria-describedby="caption-attachment-369868" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-10.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-369868" src="https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-10.png" alt="Bitcoin/Price/Chart 9.11.2024. Source: TradingView" width="1835" height="819" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-10.png 1835w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-10-300x134.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-10-1024x457.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-10-768x343.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-10-1536x686.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/11/BTCUSD-10-50x22.png 50w" sizes="(max-width: 1835px) 100vw, 1835px"></a>
 <figcaption id="caption-attachment-369868" class="wp-caption-text">
 Bitcoin/Price/Chart 9.11.2024. Source: TradingView
 </figcaption>
</figure>
<h2 id="alts-reemerge">Alts Reemerge</h2>
Bitcoin led the pack in terms of gains mid-week, but the landscape has changed now, and many altcoins have marked impressive gains. Ethereum is among those, having <a href="https://cryptopotato.com/bitcoin-hits-ath-above-76k-and-ethereum-finally-awakes-surging-to-3-month-high/" data-wpel-link="internal" rel="noopener noreferrer nofollow">awakened</a> earlier this week. ETH has gained over 4% in the past day and 21% on a weekly scale. It now trades above $3,000 for the first time in more than three months.
Binance Coin, which <a href="https://cryptopotato.com/solana-tops-bnb-rises-to-become-4th-largest-crypto-asset-by-market-value/" data-wpel-link="internal" rel="noopener noreferrer nofollow">lost</a> its spot as the fourth-largest cryptocurrency to Solana earlier this week, has soared by 6% and now trades at $630. Avalanche, Chainlink, and NEAR Protocol are the other notable gainers from the larger-cap alts.
The total crypto market cap has added around $50 billion now and is up to $2.730 trillion on CG.
<figure id="attachment_369869" aria-describedby="caption-attachment-369869" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-09-085822.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-369869" src="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-09-085822.png" alt="Cryptocurrency Market Overview. Source: QuantifyCrypto" width="1878" height="825" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-09-085822.png 1878w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-09-085822-300x132.png 300w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-09-085822-1024x450.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-09-085822-768x337.png 768w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-09-085822-1536x675.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/11/Screenshot-2024-11-09-085822-50x22.png 50w" sizes="(max-width: 1878px) 100vw, 1878px"></a>
 <figcaption id="caption-attachment-369869" class="wp-caption-text">
 Cryptocurrency Market Overview. Source: QuantifyCrypto
 </figcaption>
</figure>
The post <a href="https://cryptopotato.com/altcoins-take-main-stage-as-ethereum-eth-explodes-above-3k-weekend-watch/" rel="noopener noreferrer nofollow">Altcoins Take Main Stage as Ethereum (ETH) Explodes Above $3K (Weekend Watch)</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Altcoins Take Main Stage as Ethereum (ETH) Explodes Above $3K (Weekend Watch)

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