The price of Bitcoin continued to rise over the past 24 hours, with the asset surging to a new high of around $31,000. Altcoins are also doing well. SOL touched $30 for the first time in months, while LINK and MATIC surged at double-digit rates.
Over the past week, the price of Bitcoin jumped by $2,000 in a few hours after a false report that the SEC finally approved a BTC ETF.
However, buyers continued to control the market and gradually pushed BTC towards $29,000. Over the weekend, market players returned to buying BTC as the asset traded above $30,000 for the first time since August. As noted, the asset touched $31,000 in the Asian trading session on Monday morning, which was the highest price level since mid-July.
At the time of writing, BTC is several hundred dollars below its peak which is currently trading around $30,670.72. The total market capitalization is close to $600 billion, while its dominance over altcoins is slightly reduced to 51.4% in CMC.
Chainlink has been one of the best of the past, as mentioned yesterday, and this altcoin has only risen again in the last 24 hours. LINK has risen another 13% since Sunday and is now at its highest price level in months at more than $10.
Ethereum, Binance Coin, Ripple, Cardano, Dogecoin, Toncoin, Polkadot, and Litecoin also performed well, although the gains were slightly slower.
The overall crypto market value has increased to $1.170 trillion in CMC today. This means it has increased by about $100 billion in just over a week.
