Bitcoin Hits New Yearly High, Other Top Coins Shoot Upwards, Too

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The world’s number one cryptocurrency, bitcoin (BTC), rallied to a new yearly high today, though it was outperformed by four other coins in the top 10 in the last 24 hours.

Source: Adobe/Egor

Bitcoin is currently (14:25 UTC) trading at 12,157. It’s up by nearly 3% in the last 24 hours and nearly 2% in the last week. Within several minutes after reaching the new high, it had started correcting lower, maintaining position just above USD 12,140.

Just a week ago, it hit USD 12,037, following a similar daily increase.

Prior to that, on August 2, it went to USD 12,041, and then crashed by USD 800 in minutes.

Source: Coinpaprika.com

Meanwhile, the second coin by market capitalization and one of the best-performing crypto assets this year, ethereum (ETH), remains largely unchanged in a day and is up by 1% in a week, trading at USD 428.

At the same time, four other coins have outperformed bitcoin today: XRP, litecoin (LTC), bitcoin cash (BCH), and bitcoin SV (BSV) have increased between 4.6% and 2.6% during the last 24 hours.

The whole market capitalization is up by 2.37%, to USD 387.16 billion, while Bitcoin dominance stands at almost 58%.

Meanwhile, as reported, Grayscale, a major crypto asset management firm owned by Digital Currency Group, launched a national crypto ad campaign in the US last week, with CEO Barry Silbert tweeting on Friday that the firm just finished its “largest fundraising week EVER.”