While Bitcoin Holds $ 50K, Bitcoin Cash ABC Up 50% (Market Watch)

Despite falling back several hundred dollars after the last two-week high, bitcoin has remained above $ 50,000. Most altcoins are also slightly in the red after yesterday’s gains, with a few exceptions, such as Bitcoin Cash ABC, which increased by 50%.

Bitcoin holds $ 50K

After a few consecutive weeks of steady price declines, bitcoin finally kicked off an impressive rally yesterday, surpassing $ 50,000. Furthermore, the cryptocurrency continued to rise in the following hours and reached a new two-week high of almost $ 52,000.

However, BTC was unable to continue north as the bears closed in. They pushed it south, but bitcoin is still hovering around $ 51,000. It’s worth noting that the asset was unable to trade above $ 50,000 for two days in a row since the price drop in early December.

The current price level means that BTC’s market capitalization has remained above $ 950 billion, while the dominance over altcoins is 40.6%.

BTCUSD. Source: TradingViewBTCUSD. Source: TradingView

Alts Stall como BCHA Spikes

Alt currencies also posted notable gains yesterday. Ethereum led the charge with a surge above $ 4,100 just days after the asset struggled below $ 3,800. However, a small decline since then has brought ETH down to just $ 4,100.

Binance Coin has been relatively flat at nearly $ 550. More minor losses have come from Cardano, Terra, Polkadot, Shiba Inu, Litecoin, and Chainlink, while Ripple, Avalanche, and MATIC have fallen a bit more.

Solana, Dogecoin, and CRO, on the other hand, are all in the green. SOL is up 2% to over $ 190, DOGE is up over 5% to $ 0.19 and CRO’s 7.5% rise has brought it to $ 0.65.

However, Bitcoin Cash ABC is the most significant winner of the top 100 coins with a 50% increase above $ 100.

The cryptocurrency market capitalization has slightly decreased and is now below $ 2.4 trillion.

Cryptocurrency market overview. Source: Quantify CryptoCryptocurrency market overview. Source: Quantify Crypto SPECIAL OFFER (sponsored)
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While Bitcoin Holds $ 50K, Bitcoin Cash ABC Up 50% (Market Watch)

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