Crypto On Dec 7: Market Shows Signs Of Life As BTC Reclaims $51K

Bitcoin rose 7% in the last 24 hours to cross $50,000 again but its market cap still remained below $1 trillion. Bullish trends on Tuesday pushed the overall crypto market cap 5.95%.

Bitcoin has come a long way from the drop in the second quarter of this year but it dropped below the important support trendline at $53,000. This was a major area that helped support since June, when prices dropped below $29,000.

Data from CoinMarketCap shows that Bitcoin rose from $47,281.04 to $51,234.27 in the past 24-hours. Ethereum, the second biggest cryptocurrency, also saw a bullish growth as prices rose by 9.4% to a daily high of $4,403.71.

Altcoins also performed well as Solana rose by nearly 9.85% in the last 24-hours. The current price of the SOL token stands at $202. The closest rival to Solana, Cardano, which is often considered as a 'ghost chain' is up by nearly 12% in the past 24-hours and is progressing above $1.47.

The Terra (LUNA) token, which remained bullish even when the market was bearish, briefly replaced the Polkadot (DOT) token at the 9th position.

The current price of LUNA stands at $68.33, up by nealry 7% in the last 24-hours while DOT is at $29, up by 9% in the last 24-hours.

Furthermore, metaverse tokens are also experiencing a bullish movement today as the SAND token rose by nearly 12% in the 24-hours. The current price for SAND is $5.6 while MANA is at $4, up by nearly 16.5%.

Meme coins are also bullish for today as Shiba Inu rose by nearly 12% in the past 24-hours, and is currently trading at $0.00003847. Shiba Inu's rival, Dogecoin, is also bullish for today and is currently at $0.18.