Bitcoin (BTC) Keeps $46K; LUNA Gains 9% to New ATH

Terra recorded another ATH days after overcoming its previous high, whereas Cosmos and NEAR Protocols charted impressive gains within the day scale.

Bitcoin calms beyond the $46,000 level again, while some alts reduced its market dominance with impressive upticks. Terra is one of them, as LUNA gained nearly 10% within a day to record news highs, changing hands around $114.81 at this writing.

Terra’s New All-Time-High

Most assets in the alt market saw enhanced volatility over the past few days, went offensive amid yesterday’s sessions, and stalled today. For instance, Ethereum dropped towards $3,300 before climbing to value areas beyond $3,500 yesterday. That had the leading alt touching its highest level in three months. For now, ETH remains calm near the $3,500 zone.

Terra is among the significant gains in the top ten crypto list, surging 9%. As a result, LUNA recorded another ATH some days after breaking the previous one. CoinGecko data show LUNA’s latest peak approached the vital mark of $120.

Cosmos and NEAR Protocol also charted substantial gains within the previous 24 hours. For now, ATOM trades beyond $32, whereas NEAR stands at $17. Modest upticks came from Shiba Inu, Dogecoin, Polkadot, Avalanche, Cardano, Ripple, Solana, and Binance Coin.

Moonbeam leads the top-100 pack, gaining more than 24% over the past day. ECash, Convex Finance, Helium, and Secrete followed. Meanwhile, the crypto market capitalization added approximately $30 billion to $2.160 trillion.

Bitcoin Calms at $46,000

Bitcoin also suffered a massive crash towards the weekend, slumping towards multi-day lows of $44K from the $47.5K peaks. Nevertheless, BTC bulls intercepted the dump, pushing the leading crypto north within no time. That had Bitcoin climbing past the $47K value area within hours. However, the crypto could not sustain the level and lost nearly $1,000.

For now, Bitcoin hovers near $46,400 after regaining some value again. Nevertheless, its market cap remains well beneath $900 billion, whereas BTC’s market dominance dropped below 41% as most alts continued upside.

It might be fascinating to see what up-and-coming trading sessions would define the cryptocurrency market. Stay tuned.