Bitcoin Price Pushes Above $26K, This Cohort of BTC Investors Reach ATH: Market Watch

After days of trading sideways below the $26,000 mark, bitcoin has finally made a move and has pumped above that line.

Most altcoins are also slightly in the green, with SOL and CRO adding the most value from the larger-cap ones.

BTC Above $26K

After last week’s enhanced volatility that saw pumps and dumps worth over $2,000 in days, the primary cryptocurrency settled below $26,000 by Friday. The weekend was expectedly uneventful, with little to no actual price movements.

The start of the business week didn’t bring any fireworks either, with BTC trading in a tight range between $25,600 and $26,000. A bit more volatility came on Wednesday when BTC slipped to $25,400 and pushed toward $26,000 almost immediately after.

However, it failed to reclaim that level and went back down again. The past 24 hours brought a new attempt from the bears, which has been more successful for now. Bitcoin jumped to a multi-day peak at $26,400 earlier today, and trades above $26,00 as of now as well, despite losing some ground.

Its market cap has increased to $510 billion, while its dominance over the alts has risen by 0.3% to 48.5% on CMC.

At the same time, Glassnode informed that a certain cohort of investors, those holding 10 or more BTC, have reached a new all-time high.

Addresses Holding 10+ BTC. Source: Glassnode
Addresses Holding 10+ BTC. Source: Glassnode

Alts’ Relief

Most alternative coins are also slightly in the green on a daily scale. ETH and BNB are up by just under 1% and trade at $1,650 and $217, respectively.

Similar gains are evident from Cardano, Dogecoin, Tron, Polkadot, Shiba Inu, and Litecoin. Solana and Ripple are up by around 1.5%. CRO has gained the most from the top 36 alts, having surged by over 3%.

XDC Network’s native token has emerged as the top performer from the top 100 crypto assets, with a 6% increase, followed by Render (4%).

In total, the crypto market cap has added a few billion in a day and has reclaimed the $1.050 trillion level.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

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Cryptocurrency charts by TradingView.

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