The cryptocurrency market managed to go green today. NEAR Protocol leads the pack, surging a whopping 24% to near the $20 mark.
Bitcoin bounces towards the $44,000 mark following a few days of downswings that saw it touching 2-week lows. BTC upticks had the altcoin market green. However, NEAR stole the show, surging massive double digits within 24 hours.
BTC Eyes $44,000
CryptoPotato reports showed BTC went south over the past few sessions. The crypto climbed to hit the $47K mark on some occasions until 5 April, before bears dominated the marketplace. The following day the token crashed beneath $45K, and the situation appeared worse yesterday, 7 April. BTC plummeted to record a daily low of $42,800. That became Bitcoin’s lowest price level since 24 March.
Nevertheless, BTC rebounded from that area and began to regain momentum. For now, the dominant crypto approaches the $44,000, as it added approximately $1,000 over the previous 24 hours. Meanwhile, Bitcoin’s market cap plunged beneath $850 billion. Remember, this metric sustained beyond the $900B mark until a week ago.
NEAR Protocol Leads the Pack
The altcoin market also suffered over the past couple of days. However, the narrative changed today as most assets hover in the green. Ethereum slumped to $3,200 days after hitting three-month peaks beyond $3,500. Meanwhile, the 2% surge over the past day has the leading alt around $3,300.
Minor daily upticks came from Binance Coin, Ripple, Solana, Cardano, Shiba Inu, Dogecoin, and Polkadot. Avalanche surged 4.5% following Terra’s $200M token swap. Surprisingly, Terra’s native coin LUNA trades 5.49% lower today, changing hands around $99.97 at this publication.
Near Protocol led the top gainer, soaring 24% within the past 24hrs. While writing these lines, NEAR changed bullish hands at $18.44. Maintaining such narratives in the near term will see the alt exploring its ATHs at $20.44 (CoinGecko data).
The crypto market capitalization lost $150 billion within the past 72 hours, standing around $2.01 trillion at this publication. The market seems ready for upward action in the coming sessions.
