The frog-themed meme coin is today’s biggest gainer, followed by TAO, DOT, and BONK. After a relatively quiet weekend despite the latest developments in the Middle East, bitcoin’s price surged on Monday morning to a six-week peak of just over $74,000, where it was stopped. Many altcoins have produced even more impressive gains, including ETH, which reclaimed the $2,200 level, and ADA, which jumped by 10% at one point. The previous business week began quite contrastingly to this one, as BTC’s reaction to the weekend developments on the war front pushed it south to $65,600.
However, the bulls intercepted the move and helped the asset recover several grand by Wednesday when it jumped to $68,000 after the CPI numbers came out for February. After a minor rejection at that point, bitcoin went on the attack once again on Friday. It skyrocketed to $74,000 for the second time in the past 10 days, only to be rejected once again. It dipped further to just over $70,000 during the weekend after the latest set of bombings in the Middle East, but managed to maintain that level.
Its market cap has increased to $1.465 trillion on CG, while its dominance over the alts continues to sit below 57%. Ethereum, Solana, and Cardano are the biggest beneficiaries of today’s market-wide rally. All three have added around 6-8% of value, pushing ETH to well over $2,250, SOL to above $90, and ADA close to $0.40. HYPE, LINK, DOGE, XMR, AVAX, LTC, and XRP are also in the green, albeit in a more modest manner.
There are some double-digit gainers as well. PEPE leads the pack with a notable 18% surge, followed by DOT and TAO. BONK, SHIB, and ZEC are next in line. The total crypto market cap added almost $100 billion daily and is close to $2.6 trillion on CG as of now.
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