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Bitcoin's consolidation at around $42,000 is finally complete, with the asset's price climbing to near $44,000.
Most alternative coins, such as Solana and Cardano, followed suit, seeing even more impressive gains than the main cryptocurrency.
BTC aims for $44,000 mark
Last weekend and the first day of the new week were relatively calm for Bitcoin, whose price fluctuated between $41,000 and $42,500.
However, the consolidation ended several hours ago when BTC reached $43,600 (according to CoinGecko data). Shortly after, the value of the asset fell slightly, standing at around $43,400 at the time of writing.
As CryptoPotato According to reports, the latest surge resulted in over $110 million in liquidations, with BTC transactions accounting for almost 40% of the total share.
Bitcoin's market capitalization briefly jumped to nearly $860 billion before returning to its current level of $850 billion. It is dominance on altcoins is 52.6% (an increase of 3% on a weekly scale).
SOL and ADA take the main stage
Most of the top alt coins also impressed today (January 30). Solana (SOL) is up 6%, reclaiming the $100 target, while Cardano ADA is eyeing $0.53 with an 8% price rise.
Meanwhile, Sui (SUI) hit an all-time high of $1.64 following a partnership between Banxa and SUI Wallet. Its market capitalization has soared to $1.8 billion, making it the 48th largest digital asset.
Other major alternatives including Ethereum (ETH), Ripple (XRP), Avalanche (AVAX), Dogecoin (DOGE), Polkadot (DOT), and Polygon (MATIC) are also in the green, albeit more modestly.
The total cryptocurrency market cap added around $50 billion in the last 24 hours, which currently equates to $1.75 trillion.
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