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BTC Hits 44k, AVAX Doubles Over 30 Days, ROE Hits $2 Million Mark

Press Releases Crypto News BeInCrypto BTC Hits 44k, AVAX Doubles Over 30 Days, ROE Hits $2 Million Mark

In recent days, there has been a large-scale increase in the value of almost every cryptocurrency. Bitcoin (BTC) broke the $44,000 mark and Avalanche has doubled its price within the last 30 days. Meanwhile, other new defi projects are moving alongside Bitcoin, including Borroe Finance (ROE), whose presale has raised over $2 million so far and counting.

Bitcoin Remains Above $40k with Over $850 Billion Market Cap

Since September, bitcoin has been steadily rising in price. In early December there was a spike upwards. Its market dominance has hovered above 50 % since October 16th, which is rather robust.

The tremendous growth of bitcoin is one reason why more investors are paying attention to the altcoins, which also helped it reach a record market cap earlier this year.

December has been an astounding month for the primary cryptocurrency. Since the 1st, when rates began climbing steadily at just above $37,500 per coin, Bitcoin passed through a number of prices before it broke its new record high. On December 4th, it surpassed the $40,000 mark for the first time in nearly two years.

With the bullish trend gaining strength, total positive momentum even broke $42,000 by December 5th and looks set to test a new multi-month high of $ 46K.

Avalanche (AVAX) Posting a Strong Bullish Momentum

While Bitcoin has been the main catalyst behind the crypto market growth, other altcoins are also performing strongly. Notably, the price of Avalanche (AVAX) has appreciated 12% over the past week and by a full 104 % over the last month, indicating a super strong rally.

There are a number of reasons for the success, one being that like Solana and dYdX, AVAX is also a layer-1 blockchain listed on nearly all exchanges in which transactions are verified by validators who earn tokens as rewards.

At press time, the total value of the global altcoin market has hit a 2023 high at $659.5 billion, suggesting that people are becoming more interested in alternative digital currencies.