After days of BTC trading flat at $36,500, bitcoin finally made a surge a few hours ago by surging above $37,000.
Most altcoins also saw minor gains today, with Ethereum successfully recapturing the $2,000 trading level after falling below that level late last week.
The major cryptocurrency suffered a sharp decline last November 15 when sellers appeared to have full control of the market and pushed the price to a weekly low of $35,000. However, this did not last long. BTC added about $3,000 and surged to $38,000 for the second time in a week.
Monday's early trading session started on a more positive note, with bitcoin surging to $37,500. Although this asset has lost some traction, it is still above $37,000 for now.
Bitcoin's market capitalization has soared to nearly $730 billion, while its dominance over altcoins is still above 51%.
For the altcoin market, it can be said that the Near Protocol token has been the best performing marker in the last 24 hours among the large market cap altcoins. NEAR has jumped nearly 20% and is trading above $2.1.
Chainlink, Aptos, IMX, HBAR, and LDO also followed, with gains of up to 8%. ETH, ADA, MATIC, DOT, XRP, BNB, DOGE, TRX, AVAX, and LTC are also traded green.
