Bitcoin price eyes $30,000, Polkadot (DOT) new all-time high

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Despite retracing with over $1,000 after the latest all-time high, Bitcoin price has increased once again and reclaimed the $29,000 level. Some altcoins have surged in value as well– Polkadot’s DOT has marked a new all-time high.

Bitcoin’s Latest ATH Above $29K

After a few days of relative stagnation around the $28,000 level, the flagship cryptocurrency returned to its Q4 2020 bullish trend.
Bitcoin charted two consecutive all-time highs in a day. BTC firstly hit $28,570 before initiating another impressive uptrend – this time breaking above $29,000.
Finally, latest bitcoin price all-time high came at $29,300. Despite briefly retracing to 28,200, the cryptocurrency has recovered most losses and now sits very close to that ATH again. At the time of writing it is trading at $29,040.
Nevertheless, if BTC retraces and goes for a correction, the technical indicators suggest several significant support levels that could contain the possible fall. They are situated at $28,400, $27,850, $27,300, $26,750, and $26,300.

Ethereum Marks YTD High; Ripple Bounces Off

Following Bitcoin’s gains, Ethereum has been on quite the roll in the past days. The second-largest digital asset struggled beneath $600 level before Christmas but has exploded to a new yearly high just a week later at $760. Despite retracing slightly to $750, it is still 2% up in a day.
Bitcoin Cash, Cardano, Litecoin, Chainlink, and Binance Coin have remained practically at the same price spot as yesterday with minor moves. However, Polkadot has doubled-down on its recent significant price performance with another 10% surge to above $8. This is DOT’s newest YTD high.
Surprisingly, Ripple has also added value on a 24-hour scale. After plummeting for weeks following the SEC charges and multiple exchanges delisting XRP token, it has risen by 8% since yesterday’s low.
Further gains come from Blockstack (7%), HedgeTrade (6%), Decred (6%), OKB (5%), and Gnosis (5%). Nevertheless, BTC’s dominance over the market is still above 70% as most alternative coins are not able to keep up with bitcoin’s gains.
The total market cap has increased to $765 billion. Thus, it has neared the all-time high marked during the parabolic price increase in 2017/2018 at above $800 billion.

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