Bitcoin has continued its recovery in the past 24 hours as it eyes critical resistance level at $45,000. The number one crypto coin has jumped above $43,000 after it recently dropped below $41,000.

Alternative coins have experienced severe volatility with prices going front and back as correction takes place in the market. Binance Coin leads with its performance in the last 24 hours spiking by 8% above $370.

Bitcoin back within $45,000 reach

At Press time, the number one crypto trades at $43,044 with a 1.68% surge. This follows series of up and down movement dropping to $41,000 and going back and forth.

-Advertisement-

Bitcoin at another point in the past 24 hours dropped to a low of $40,800 where bulls picked up from there and ensured the price did not drop below the $40,000 resistance.

Hours after, Bitcoin added roughly $3,000 of value and tapped an intraday high of $43,800 before it dropping to its value at press time.

The back and forth has seen BTC market capitalization rise above $800 billion, while the dominance over the alternative coins has increased to just under 43%.

BNB lead altcoin charge in mixed market

Steep correction alongside high volatility plays out with altcoins as many of them have failed to produce any significant gain in the past days. Number one altcoin, Ethereum has been a victim of high volatility alongside correction at the same time.

In the past 24 hours, ETH went on a run and surged above $3,000, but as of now has retraced below that level.

Cardano which usually surge at times when the entire market bleeds is currently declining with another 2% plunge. ADA stands beneath $2.1. while Ripple, Solana, Polkadot, Dogecoin, Avalanche, and Terra have remained relatively calm in the past 24 hours.

Crypto market overview in the past 24 hours, Source; QuantifyCrypto

Binance Coin has outperformed all larger-cap alts with an 8% increase. Consequently, BNB has reached a multi-day high above $370. This comes just hours after the leading crypto exchange announced the latest project to go live on its Binance Launchpad.

Amidst mid and lower-cap altcoins, OMG Network is the only double-digit gainer in the past 24 hours with a 13% increase, followed by LEO with a 9% surge.

Despite the front and back with Bitcoin and altcoins, the crypto market cap has added around $40 billion and currently stands above $1.9 trillion.