BTC Movement Under Radar, Will BTC Break $31K?

<p>&nbsp;Bitcoin is currently in the phase of trying to capture the $31,000 trading level again but has been stopped so far. Altcoins have turned green today, with ETH approaching $1,900, BNB trading down to $250, while MATIC surged by double digits.</p><p><br /></p><p>Bitcoin surged last Thursday to $31,500 marking its highest price mark in more than a year but failed to sustain it and quickly returned to around $30,000. Then BTC just traded calmly in a tight range between $30,000 and $30,500.</p><p><br /></p><p>Not much happened on Tuesday either. BTC came close to breaking below $30,000, but buying among market players managed to defend that level and push BTC to trade above $30,000.</p><p><br /></p><p><br /></p><p>As such, bitcoin launched an early onslaught Tuesday and surged above $31,000 for the third time in the past week or so.</p><p>As of today, the cryptocurrency is trading at around $30,500, and its market cap has grown to over $590 billion.</p><p><br /></p><p>Its dominance over alts has eased a bit since yesterday and is just under 50%. Altcoins posted some losses yesterday, but the landscape is completely different now, with most of them in good shape. Ethereum was among the most modest performers, having jumped over 1% to nearly $1,900. XRP, DOGE, TRX, DOT and AVAX have seen similar gains.</p><p><br /></p><p>Binance Coin, on the other hand, is up nearly 7% and nears $250. SOL and LTC were up over 5% to $22 and $98, respectively. Polygon is the best performer of the larger cap alts. MATIC is up about 10% and is trading well above $0.7.</p><p><br /></p><p>With most of the low and mid alts also in the green, the total crypto market cap has added over $20 billion in a day and is now close to $1.2 trillion on the CMC.</p>