Most altcoins are showing positive moves in the tail rather than the increasing interest of institutional investors in Bitcoin (BTC), causing the crypto monarch to record an all-time high (ATH), $ 47,899 overnight.
Decentrader principal, filbfilb explained that today's market movement showed strong bullish activity, so that it drowned selling positions and prevented prices from falling to a lower level.
At the same time, this proves a positive growth for BTC for the future which has the potential to lift a higher level before entering the new zon consolidation.
However, BTC is currently dealing with a consolidation price situation, hitting the $ 46,239 price face before moving towards $ 50,000. At the same time the altcoins' wave soared to the highest level.
Starting with the launch of commerce with Ether on the Chicago Mercantile Exchange (CME) last night, ETH finally managed to create a new ATH record, $ 1,815 last night. At the time of writing, ETH was trading at $ 1,812, an increase of 4.57% in 24 hours.
Commerce against Litecoin (LTC) has also seen an increase in activity with a record $ 584 million in open interest, suggesting the eye is getting the attention of institutional investors.
Elrond (EGLD) posted a new record price and trade volume with a 700% increase since the start of 2021. This good news was driven by the smoothening of the Maiar wallet and the design to integrate with the decentralized financial protocol.
Mutual control (interoperability) among blockchains has successfully brought Polkadot (DOT) to a new price level, $ 24.04, followed by an announcement regarding Curve Finance to be held at the Polkadot parachain, Equilibrium.
At the time of writing, LTC had a price tag of $ 189, an increase of over 14%. While EGLD was trading at $ 207 (19.49%) and DOT, $ 23.53 with a slight loss, 0.29%.
