Bitcoin (BTC) Sees New ATH, Chainlink (LINK) Explodes 15% Daily (Market Watch)

Bitcoin (BTC) Sees New ATH, Chainlink (LINK) Explodes 15% Daily (Market Watch)

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It was nothing short of an amazing start to the new trading week as the price of Bitcoin fell below $100,000 only to rise from there to a new all-time high above $109,000.

Altcoins are also in the green now on a daily scale, although lower during the Asian trading session on Monday morning.

New BTC peak

The past seven days have shown what the Bitcoin and cryptocurrency markets are capable of. Recall that the largest digital asset fell below $90,000 for the first time since November last Monday after a massive daily decline of more than seven thousand dollars.

However, it responded well to this crash and began regaining some value almost immediately. It continued to rise by the end of the trading week and saw its price rise above $100,000 following more positive CPI data released on Wednesday.

Although all eyes were on me Trump coin meme Over the weekend, Bitcoin maintained its position and rose to $106,000 on Sunday. That’s when real volatility emerged, as the cryptocurrency once again fell by significant amounts to below $100,000.

While the market was bracing for another price drop ahead of Trump’s inauguration today, Bitcoin reversed course and… rose To more than $109,000, marking a new all-time high.

So far, it’s priced at just over $108,000. Its market value rose to $2.140 trillion, while its dominance over alternative currencies reached 55.4%.

Bitcoin against the dollar. Source: Trading View

Link on this step

Most altcoins experienced similar volatility on Monday morning but turned green on a daily scale. Ethereum reached $3,400 after a 5.5% rise since yesterday. ADA jumped to $1.1 after a similar increase. XRP, BNB, DOGE, XLM, TRX and AVAX are also in the green.

LINK stole the show today with a massive 15% increase. As a result, the Chainlink token is now above $26.

The newest and most controversial coins — Trump and Melania — faced a hefty price tag Volatility It is expected to continue as the day progresses.

The total cryptocurrency market cap has added over $100 billion since yesterday and exceeds $3.86 trillion on CG.

Cryptocurrency market overview. Source: QuantifyCrypto
Cryptocurrency market overview. Source: QuantifyCrypto
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Cryptocurrency charts By TradingView.

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