Bitcoin prices continued to soar over the past 24 hours, as the asset rose to $66,500 for the first time since late September.
Altcoins are also showing improvement, and the total crypto market has increased by about $100 billion overnight.
Although it took some time, Uptober is now starting to live up to its promise. Just five days ago, this major cryptocurrency fell sharply to weekly lows below $59,000.
However, buyers picked up momentum over the next few days, and BTC continued to soar. After recovering some ground over the weekend and jumping to $63,000, this volatile week started on a more positive note yesterday, especially this morning.
At this point, the major crypto asset added more than three thousand dollars in a few hours and reached $66,500 for the first time since September 27. Its market capitalization has soared to $1.3 trillion, while its dominance of altcoins exceeds 54% on CoinGecko.
Most of the altcoins recorded more impressive gains in the last 24 hours. Ethereum, which has underperformed in recent months, was among the strong performers. It has risen by 6.5% and is currently at a weekly peak above $2,600.
Solana's daily gains were similar, and are currently trading at $155. Bitcoin Cash, NEAR, and UNI posted even more impressive gains. ENA and WLD are the two best performers out of the 100 largest altcoins.
The total market capitalization of all crypto assets has increased by $100 billion overnight and $150 billion since the weekend, and now stands at $2.4 trillion.