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Bitcoin, Ethereum, Binance Coin, Dogecoin, XRP, Cardano Post Double-Digit Gains as Recovery Picks Up Speed

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Mon, 05/24/2021 - 14:51
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Alex Dovbnya
The total crypto market cap added almost $210 billion earlier today after major cryptocurrencies erased Sunday losses
Bitcoin, Ethereum, Binance Coin, Dogecoin, XRP, Cardano Post Double-Digit Gains as Recovery Picks Up Speed
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Cryptocurrencies are in a sea of green on Monday, erasing all of their losses recorded during the Sunday crash.

Bitcoin (BTC) soared to an intraday high of $38,800 on the Bitstamp exchange earlier today.

All major altcoins have also posted double-digit gains. Binance Coin (BNB) is leading the relief rally with a 31 percent spike.

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Ethereum (ETH), Cardano (ADA) and XRP are all up over 20 percent, causing a slight dip in Bitcoin's dominance.

BTC dominance
Image by coinmarketcap.com

The total cryptocurrency market cap added $208 billion earlier today. However, it is still down over $1 trillion from its May 12 peak of $2.58 trillion following a brutal rout.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.