After several days of decline, Bitcoin finally surged to hit $100,000, hitting $102,000 for the first time since Friday.
Altcoins also performed well, with big double-digit price gains from coins like AAVE, HYPE, SUI, LINK, BEAM, and more.
The major cryptocurrency attempted to break through the six-figure mark over the weekend but was thwarted several times. The rejection continued into the start of the work week, with two consecutive declines to $94,400 on Monday and Tuesday.
However, this support level managed to solidify Bitcoin’s position, which then rebounded. On Wednesday, Bitcoin surged by almost $8,000 to hit $102,000. It touched this level twice in a few hours but failed to break through and is now just below $101,000.
However, this is the longest period the cryptocurrency has been able to trade in the six-figure range, although it has yet to hit a new all-time high.
Bitcoin’s market cap is now close to $2 trillion, while Bitcoin’s dominance over altcoins has slightly decreased to 52.3%.
Altcoins experienced severe selling pressure earlier in the week, but most have recovered with large gains in the past 24 hours.
Among the altcoins with double-digit price increases are AAVE (32%), HYPE (29%), SUI (26%), LINK (23%), BEAM (21%), UNI (19%), ENA (17%), APT (17%), and many more.
Large-cap altcoins have also seen price gains, albeit more modestly. ETH is up 5.5%, XRP is up 1.7%, BNB is up 4.2%, and DOGE is up 3%.
The total market cap of crypto has increased by over $200 billion since yesterday and is now over $3.8 trillion.
