Altcoins With Double-Digit Gains as Bitcoin Rocketed to 3-Month High: Market Watch

Bitcoin’s weekend sluggishness came to an end on Monday morning with a notable price surge above $80,500 for the first time since late January.

 

 

Most altcoins are also in the green today, with ETH going close to $2,400 and XRP reclaiming the $1.40 level. ZEC, UNI, WLFI, and ONDO are the top performers from the larger caps.

BTC Jumped Past $80K

The previous business week also began with a price surge to $79,500 at the time, but it was quickly stopped, and BTC plunged to under $76,000 by Tuesday. More volatility ensued on Wednesday before and after the third FOMC meeting for the year as BTC jumped to $78,000 ahead of the event and dipped to under $75,000 once it concluded, and it became known that the Fed won’t change the rates.

Bitcoin rebounded in the following few days, especially on Friday, after reports that Iranhad sent a new peace proposal to the US. BTC jumped to almost $79,000 before it was stopped after Trump rejected it. During the mostly quiet weekend, bitcoin pumped once again to $79,200 after another proposal was sent, but thesame scenario repeated once Washington said no.

The cryptocurrency went on the run in the early Monday hours, rocketing past $80,000 for the first time since January 31. Ittouched $80,600 on some exchanges before it was stopped and now sits inches below $80,000.

Its market capitalization has climbed to $1.6 trillion, while its dominance over the alts stands tall at 58.5% on CG.

BTCUSD May 4. Source: TradingView

Alts With Double-Digit Pumps

Ethereum is up to $2,370 after a 2.6% increase today, XRP is up to $1.41, while BNB has neared $630. Solana has tapped $85, while DOGE is up by 4% to a local low of over $0.11. XMR has reclaimed the $400 resistance after a 4% jump. ZEC is above $410 following a notable 7.3% surge daily.

The top 100 alts have a new rep, SKYAI. The token has skyrocketed by 40% daily to $0.60, making it the best performer. DASH (30%), SIREN (20%), and ONDO (11%) complete the double-digit price gainers club.

The total crypto market cap has added over $50 billion in a day and is up to $2.730 trillion on CG.

Cryptocurrency Market Overview May 5. Source: QuantifyCrypto

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