For the first time in what seems like a millennium, the cryptocurrency market has posted stellar performance two days in a row. At the time of writing, per data compiled by Live Coin Watch, the aggregate value of all cryptocurrencies has risen to $122.7 billion — a $7.1 billion increase from Monday and a $19 billion increase since the weekend’s average. A bulk of this market cap shift can be attributed to altcoins’ monumental gains, catalyzed by an influx of buy-side volume ($9.8 billion 24-hour volumes) with Bitcoin Cash (BCH) and Tron (TRX) both posting double-digit gains that would make leverage traders envious.
Crypto assets performed so well that BTC market dominance fell to 53.14%, down from the 54% posted yesterday. Regardless, Bitcoin has seen its fair share of legs to the upside in the past day. After range trading around the $3,500 yesterday, the prominent cryptocurrency began to surge on Tuesday afternoon, moving above $3,500 to $3,640 in 30 minute’s time. And since that move, which occurred around two hours ago, BTC has been on the up-and-up, now finding itself above $3,700 on Coinbase, with seeming intent to head higher.