LUNA moves into the top 10 largest digital assets, staying BTC under $ 50,000
LUNA is currently among the top 10 digital assets, while Bitcoin is still stuck at less than $ 50,000 and the rest of the altcoins continue to struggle. Terra is in tears again as we take a close look at today’s altcoin news.
Bitcoin continues to grapple with the $ 50,000 price as it was unable to break it and remains below that price mark today. Most altcoins are slightly red on the daily scale, with the exception of Terra, which is up more than 10%. After a massive fall in prices over the weekend, BTC was unable to increase profits and beat the coveted $ 50,000 price, and it looks like the asset was successful two days before its $ 52,000 price. but the bears did not allow further growth.
They pushed the cryptocurrency south and dropped below $ 49,000, causing BTC to try again in the following hours, peaking at $ 51,000. Bitcoin has been unable to hold on and is currently trading below $ 50,000, with market cap falling below $ 950 billion and altcoin dominance at 40%.
LUNA made it to the top 10 largest digital assets, while other altcoins have struggled in the past few days. Ethereum fell from $ 4,600 to $ 3,500 on Saturday due to the crash, but recovered and earned $ 4,000. On a daily basis, ETH fell 1% and now exceeds $ 4,300. Cardano, Polkadot, Dogecoin, Avalanche and SHIB were in the red throughout the day, while Binance Coin and Ripple showed slight gains. Terra, on the other hand, is up more than 10% and LUNA is now trading at $ 75, just inches from a new all-time high of $ 78, according to CoinGecko. This asset entered the top ten cryptocurrencies by market capitalization with further growth around Protocol by 17%, CELO by 12%, WAX by 29%, Huobi Token by 10% and Gala by 10%. Cryptocurrency market capitalization remains at over $ 2.3 trillion.
As recently reported, Bitcoin was struggling with nearly $ 50,000 when it tried to rebuild it again the day before, but stalled at $ 52,000 and dropped to over $ 50,000. Most altcoins have stagnated since yesterday’s rally, with a few exceptions such as Tezos, which rose 30% in one day, according to Ubisoft news.
