BTC Soared To 2-Week High Above $51K While LUNA Makes New ATH

BTC soared to a 2-week high above $51K as the crypto market capitalization increased by $120 billion in one day and LUNA made a new all-time high so let’s read more in today’s Bitcoin latest news.

After dropping to $48,000, BTC went on a roll and added some more value in one day. The altcoins are in the green with Terra stealing the show after a double-digit surge to a new high at $100. The main cryptocurrency tried its hand with the coveted $50,000 mark on a few occasions in the past few weeks with almost no success but the latest failed attempt came two days ago when BTC was stopped below this level. The rejection drove the asset south once again to $48,000 but this is where the bulls came out to play and changed the entire landscape.

In the next few hours, BTC started to increase in value which led to breaking the $50,000 price range and reaching $51,500 which now became the highest price tag since December 7^th. Bitcoin’s market cap increased to well above $950 billion. The last day was very bullish for the rest of the coins as well. ETH that struggled below $3800 now stands above $4100 following a 5% daily increase.

Binance coin increased as well and now BNB is hovering near $550. Solana increased by 6%, Cardano increased by 8%, Avalanche by 3.5%, Polkadot by 7.5%, and SHIB by 8.5%. The native token of Crypto.com and Terra are the two biggest gainers from the larger cap altcoins as LUNA surged by 16% to reach a new high of $100 and CRO is up by 14% to above $0.6. the top 100 coins have a new rep and its Dogelon Mars skyrocketed by 36% to $0.0000018. More gains came from The Sandbox or 23%, IoTeX by 18%, Arweave 20%, and SushiSwap by 17%. The crypto market cap is up by $100 billion in one day but slipped a little to under $2.4 trillion.

BTC soared to a 2-week high price level after struggling for weeks but if you want to check out the real-time price value of the asset make sure to check our Bitcoin price calculator.

As we reported earlier, Terra is an open-source blockchain network, and now, LUNA records $20B in TVL and hit an all-time high across its 13 product offerings. Terra’s TVL was at $11.9 billion at the start of December which only shows a 68% increase in the past month. This only means that the platform’s users are investing in bigger quantities into the protocol to receive staking rewards.
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