A stream of major altcoins rose on Monday morning, as leading cryptocurrency Bitcoin set a new all-time high of $122,838.
The biggest gainer of the past 24 hours among the top 100 cryptocurrencies is Algorand, which has jumped by over 15. It‘s closely followed by Sui, which has risen by 14.1 to a $13.7 billion market cap, according to CoinGecko. Larger altcoins have also seen gains, albeit slightly smaller, like XRP, which has climbed 7 on the day and over 30 on the week.
Other tokens like Solana, Dogecoin, and Cardano have all advanced 2.7, 4.2, and 2.4 respectively. In fact, out of the top 100 cryptocurrencies by market cap, according to CoinGecko, no asset has dropped more than 0.3.
The green day comes as Bitcoin surged past $122,000 on Monday morning. Bitcoin‘s price has remained strong since, falling just 0.8 below its all-time high in the hours following.
“Market sentiment in crypto remains bullish,” an analyst at derivatives exchange Bitunix said in a note shared with Decrypt. “BTC surged explosively to [$122,838], breaking out of a consolidation range and liquidating a large volume of short positions over the past 24 hours. The next potential liquidation pressure zone lies between $125,200 and $127,000.”
As for the crypto industry’s second-largest asset, Ethereum has climbed 3.4 in a weekly 19.9 rise above $3,068. On Sunday, SharpLink Gaming acquired 16,374 ETH, worth approximately $48.85 million, according to Arkham Intelligence, bringing its total holdings above $652 million.
It comes amid a growing trend of public companies creating crypto treasuries, a strategy popularized by Michael Saylor’s firm, uh, Strategy. Canadian company Cannabis Sativia, for example, rebranded to Dogecoin Cash this summer and has amassed $3.5 million worth of DOGE.
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