The breakout brings Bitcoin’s market cap back above $100 billion, which is roughly 55.2% of the overall crypto market ($184.8 billion).
The rally has spilled over to major altcoins as well, with the rest of the top-10 cryptocurrencies in positive territory. Current top gainers include Cosmos (ATOM), Litecoin (LTC) and EOS (EOS), with several smaller-cap coins trading higher as well.
Whether Bitcoin’s surge will continue to benefit the rest of the market remains to be seen, as rapid BTC rallies can lead to altcoin sell-offs as traders flock to Bitcoin.
More: AltDex 100 Index
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.