Terra charted more gains as Bitcoin hit $48,000 while Waves also surged by up to 60% in one day to above $50 as we are reading more in our latest cryptocurrencies news today.

Bitcoin’s recent price surge continued in the past day and the asset touched and surpassed $48,000 for the first time in months with most altcoins calming down but Terra charted more gains and broke above $100 hitting a new high. The past few days were positive for the main cryptocurrency with the bulls keeping a stronghold on the market and all started a week ago when the coin was close to hitting below $40,000 but the asset managed to bounce off and added $2000 in a few hours.

After a few days of consolidation, BTC went on the offensive and hit $45,000 with the scenario repeating once again and BTC started surging on Sunday through Monday. After leaving over $400 million in liquidations on a daily scale, the crypto surged to a new high of $48,000 for the first time since the year started. It failed to brach the level at first but the bulls pushed it north again and this time the coin exceeded $48,000 to chart a new high.

It retraced a few hundred dollars and stands near $47,500 but its market cap sits over $900 billion. The altcoins mimicked BTC’s performance a day ago with some notable price gains from the rest of the market but now most coins calmed down. Ethereum gained another 3% In one day and surged above $3,4000 which is the highest price tag since January. Ripple, Cardano, Solana, Binance Coin, and Avalanche are in the green while SHIB is about 5% up on the day. Dogecoin and Polkadot produced minor losses while Terra is the biggest gainer from the larger-cap altcoins.

Luna soared by another 9% and broke above $100 so the asset made new gains and hit $105 earlier today. Waves surged the most from the top 100 after a 60% increase in one day and as a result, Waves hit $50 with more gains coming from Loopring by 16%, ThorChain by 13%, and Compound by 14%. the crypto marekt cap increased slightly and now stands at $2,150 trillion.