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Bitcoin Explodes Above $60K: Ethereum & BNB Break ATHs

Naturally, its market capitalization also benefited, which is now well above $1.1 trillion, while the market dominance has remained stuck around 55%.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

New ATHs for BNB and ETH

Most of the altcoin market outperformed its leader in the past several days. With BTC’s notable surge now, some have joined the race and registered new records.

Ethereum leads with a 4.5% surge on a 24-hour scale. As a result, the second-largest cryptocurrency has broken its previous ATH by peaking at nearly $2,200 for a new record.

Binance Coin, arguably the best top 10 performer in the past week or so, has also doubled down on its bull run. BNB has exploded by more than 14% since yesterday and painted a new ATH at $485 minutes ago. Just six days ago, the asset had corrected to about $310.

Ripple (4%), Polkadot (3%), Cardano (2%), Uniswap (1.5%), Litecoin (3%), and Chainlink (0.5%) are also in the green from the top ten.

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

Further gains are evident for KuCoin Token (40%), Waves (28%), 0x (18%), Basic Attention Token (18%), PancakeSwap (16%), VeChain (15%), Filecoin (14%), Tezos (11%), and Avalanche (10%).

Ultimately, the cumulative market capitalization of all digital assets has also gone for a new record at nearly $2.1 trillion after adding more than $200 billion in two days.