Bitcoin broke the $120,000 price level today for the first time in well over a month as the crypto market picked up momentum again.
Because of this momentum, altcoins have also gained traction and are rallying alongside the number one digital asset, according to Coin Market Cap data on 3 October.
Earlier in the week, the crypto market picked up steam and recovered from a short correction that reversed as September came to an end.
The best performing alts
Most altcoins recorded significant gains in the last 24 hours, but some were outstanding. Among the top ten assets, BNB still stands out with a daily gain of 7.54% at the time of reporting this story.
The token is currently trading at $1,132 with over 20% gain in the last seven days. This is followed by XRP with a daily gain of 1.6%. Although this is significantly lower than BNB’s, it has helped XRP hold the critical $3 price.
Among the lower altcoins, Aptos and Aster also stand out with gains of 6.31% and 5.69% respectively in the last 24 hours.
Aptos has over the week gained over 33%, but Aster seems to be just warming up as the weekly performance is still in the red.
Quite notably, Pancakeswap is by far the best performing among the top 100 assets, with a daily gain of over 32% and a weekly gain of over 37% at the time of writing this report.
What’s next?
Experts have predicted that Bitcoin is headed for a new all-time high, and that the breaking of $120,000 confirms this prediction.
This will also open huge doors of rally for altcoins according to this analyst, and the bull market would then be in full swing.
For now, some consolidation is expected at this price before the move to the new all-time high.
What do you think?
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