Altcoins are Booming Beautifully

The cryptocurrency market is volatile and confusing at the same time, as you find that a simple news or a fake rumor changes the course of the entire market. The same is true for Bitcoin, which with a simple movement can throw the market up or down dramatically, but this is a good thing for many currencies with a promising project .

The reason for the rise of Bitcoin today is very simple in the rise of other cryptocurrencies very significantly, as some of them exploded and achieved good numbers for the current market situation in which we live, and this is very good for most of the users of the Blockchain who rely mainly on Altcoin for trading and investment.

The price of bitcoin today reached 43,300 dollars, not a significant increase from yesterday, as it rose nearly 1%, and the weekly rise reached about 4%. 1%, but the performance over the weekly term was significantly better, as Ethereum rose and reached 8% this week to reach the price of 3350 dollars.

Altcoins are booming beautifully

The reason for this small Bitcoin rise caused many cryptocurrencies to rise to achieve great heights today, and the most important of those currencies was the ADA currency, which rose today to 11% to reach the price of $1.42 after remaining inactive for a long time.

The FTM also achieved a greater rise in the daily term, achieving a rise of 13% to reach the price of $3.27. As for the rest of the cryptocurrencies, most of them achieved a rise that ranged between 2% to 5%. This wonderful rise of cryptocurrencies led to the decline of BTC Dominance to 39.4%.

We hope that this simple awakening is a start to launch again on the right track after we were living through the most booming eras in the cryptocurrency world last year and the ATH was breaking one after the other, so returning to the bear market will not be acceptable to many.