Bitcoin Reaches New Monthly Peak at $48,600 as Altcoins Turn Green

According to CryptoPotato, Bitcoin has continued its weekly run, reaching a new monthly peak of $48,600. The altcoins have also turned green once more, and the total market cap has reclaimed the coveted $1.8 trillion level. The primary cryptocurrency had been trading sideways for much of the previous ten days, remaining in a tight range at around $43,000 until Wednesday evening. This is when the bulls gained control over the market and initiated a few consecutive leg-ups, with Bitcoin's price climbing above $47,000 by the end of the business week. Over the weekend, Bitcoin attempted to take down the $48,000 level and eventually succeeded, skyrocketing to $48,600 for the first time in roughly a month. This means that its market capitalization has neared $950 billion, while its dominance over the altcoins is above 52% again. Most altcoins are also in the green on a daily scale, as they have been in the past few days. Ethereum is up by another percentage and has decisively reclaimed the $2,500 level. BNB, SOL, XRP, DOGE, TRX, and DOT have seen similar gains of around 1-2%. Cardano has added 4% of value, while AVAX and BC are up by 5% and 8%, respectively. Chainlink has taken the main stage from the larger-cap alts, soaring by 11% and trading above $20 for the first time in years. The total crypto market cap has added about $30 billion once again overnight and stands at a local peak of $1.810 trillion.