Tezos Soars 12% While Bitcoin Retraced After Reaching $45K

Tezos soars 12% while Bitcoin retraced again after reaching the $45,000 price level so let’s read further in our latest Tezos news.

While BTC and other larger-cap altcoins retraced after the recent gains, Tezos went on a roll with a double-digit surge and after a few days of marking some decent gains, BTC retraced and lost around $2000 since the peak. The altcoins calmed on a daily scale except for a few lower and mid-cap ones like Tezos. Tezos soars 12% on the day which we will see in the charts below.

Ever since the start of February, when the price of the biggest crypto struggled below $38,000, the landscape has been highly bullish and BTC started an impressive leg up which it managed to reclaim the $40,000 level for the first time in a few weeks but it only kept on climbing after. This resulted in hitting the $43,000 price level and then $44,000 before the bulls pushed the price north. This culminated in hitting $45,000 which became the highest price tag seen by BTC in over a month. After gaining $8000 in a few days, the community expected a retracement which arrived shortly but then drove the crypto back to $3000 to $42,500 but the asset reacted quite well and managed to recover $1000 in the next few hours.

The market cap continues to stand well above $800 billion with the dominance over the altcoins closing to 42%. most alternative coins registered some strong gains in the past week. ETH went from struggling to remain above $2000 to a multi-week high below $3100 so the second biggest crypto calmed since then but it’s still around the same line. The remaining larger-cap altcoins stalled or retraced slightly and BNB is down by 3%, Solana dropped by 2.6%, DOGE by 3%, and Terra by 3.5%. Shiba lost the most value of 6% which comes despite the recent introduction of the Metaverse real estate by the memecoin project.

LEO token is the best performer on a daily scale with a huge 50% surge. This is maybe a direct consequence of the positive development in regards to the Bitfinex hack. Tezos was among the most impressive gainers after a 12% surge. XTZ now trades above $4.5 and the crypto market topped $2 trillion but it is down below the line after a minor daily decline.

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• Source: https://www.dcforecasts.com/tezos-news/tezos-soars-12-while-bitcoin-retraced-after-reaching-45k/