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bitcoin
Bitcoin (BTC) $ 84,903.75 2.73%
ethereum
Ethereum (ETH) $ 1,907.87 4.09%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.14 1.62%
bnb
BNB (BNB) $ 607.93 0.17%
solana
Solana (SOL) $ 126.40 0.64%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.172073 3.24%
cardano
Cardano (ADA) $ 0.677238 2.96%
tron
TRON (TRX) $ 0.236886 1.10%

Binance Coin (BNB) Surpasses Cardano (ADA) While Bitcoin Stalls Around $37K (Market Watch)

While bitcoin remains somewhat calm in a range between $35,500 and $37,500, some alternative coins have stepped up and reduced BTC’s dominance even more. These include BNB reclaiming its 4th spot as the largest digital asset and a double-digit surge for DOGE following a Coinbase Pro listing.

BNB Takes Back 4th; ETH Challenges $2.7K

Most of the altcoin market didn’t perform all that well in the past several days, but the trend started to change on Monday. Ethereum is a prime example as it dipped below $2,200 on Sunday but has spiked by more than $500 since then. As a result, ETH currently flirts with the $2,700 line.

Binance Coin also went through a roller-coaster by falling beneath $300 on Sunday. BNB even lost its position as the fourth-largest digital asset to ADA but has reclaimed it in the past 24 hours as it has spiked to over $375. The latest surge may be attributed to the hype around the new token on Binance Launchpool – Automata (ATA).

Cardano (4%), Polkadot (6%), Uniswap (2.5%), Chainlink (2%), and Bitcoin Cash (1%) are also in the green. Interestingly, DOGE is the most significant gainer since yesterday, with an 18% surge following a listing on Coinbase Pro.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Further increases are evident from Curve DAO Token (21%), Mdex (15%), Zilliqa (14%), LEO (12%), Kusama (10%), and 0x (10%).

The cumulative market cap of all crypto assets has increased by around $40 billion and is close to reclaiming $1.7 trillion.

Bitcoin Stuck in a Range

While some alternative coins are heading higher lately, bitcoin seems somewhat stuck. The primary cryptocurrency also dipped hard on Sunday but recovered $4,000 relatively quickly to a three-day high at $38,000.

However, the bears didn’t allow any further increases and pushed the asset south. In a matter of hours, BTC lost more than $2,000 of value. Since then, it has bounced up and down with similar price movements.

As of writing these lines, bitcoin stands at just over $37,000, with its market cap at around $700 billion. Nevertheless, the altcoins have further decreased BTC’s dominance to below 42%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView
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