Altcoins Soar as Bitcoin Nears $120K

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ETH is also inches away from its 2021 ATH.

Bitcoin was stopped yesterday ahead of its all-time high, but has managed to recover some ground following the US CPI announcement for July.

Many altcoins have marked mindblowing gains over the past day, including OKB, which has skyrocketed by triple digits since yesterday.

BTC Bounces to $120K
Bitcoin’s price actions in the past few days have been rather notable, even though most altcoins have outshone it. Just last week, the cryptocurrency struggled to remain above $113,000 after a dip below that level.

However, the bulls went on the offensive in the following days, pushing the asset firmly above $115,000. Moreover, they kept the pressure on at the beginning of the current business week as BTC jumped to a monthly peak of just under $122,500 (on Bitstamp).


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