DOGE Jumped By 5% As BTC Slowly Moves Towards $45K

DOGE jumped by 5% as BTC slowly moves towards the $45K range and most of the market is in the green as we can see further in our latest cryptocurrency news today.

As the weekend came, BTC calmed and remained under $45,000 with most other altcoins being in similar positions with some daily increases. The biggest gainers were DOGE and Cronos. The BTC market was different as the asset was dropping in value and was close to breaking below the $40,000 level for the first time in a week. A lot can change on the market in a week and BTC initiated an impressive leg up rather than dropping below $40,000 and hitting the $43,000 price point in a three-week high at the time.

It replaced before going back on the offensive and this time it tapped $44,000 with the coin even jumping and exceeding $45,000 for the first time since March. The crypto stalled below the level a day ago and now sits there as well under $45,000. this means that BTC is up by 8% in the past week and the market cap stands at $850 billion. The altcoins are getting calm and ETH reclaimed the $3000 level this week and hasn’t looked back. After the small retracement yesterday, the second biggest crypto is in the green and stands above $3100 while also being up by around 8% in the past week.

DOGE jumped by 5% and Binance Coin hit $420 after marking an increase of 1%. Terra, Solana, Cardano, Ripple, DOT, Avalanche, and SHIB are also up by a similar percentage. The biggest gainers are still DOGE and Cronos as they both increased by about 5% and now DOGE sits at $0.14 while CRO is above $0.45. Zilliqa stole the show as ZIL soared by over 60% and according to CoinGecko it sits close to $0.1. more gains came from Convex Finance whcih increased 20%, VeChain by 14%, Apecoin by 9% and the crypto market remained above $2 trillion.

BTC has been referred to as a digital gold by analysts and a safe haven asset that will be secure once every investment struggles. It is struggling to serve a purpose other assets traditionally seen as safe haven but performed better than BTC. Somewhere else, a lot of the market is still in the red looking in its 24-hour performance and some bigger players like Cardano are down by 5.2%.