3 hours ago
Bitcoin’s calmness over the weekend continues as the asset has failed to make a major move from its tight range between $94,000 and $95,000. In contrast, several altcoins, such as XRP, ADA, and XLM, have posted significant gains over the weekend, while SUI has plunged hard. ADA, XLM, XRP on the Rise As reported on Saturday evening, Ripple’s cross-border token stole the show with a massive surge from $2.33 to $2.5. The asset kept climbing in the following hours and tapped a multi-week peak of $2.6 before correcting slightly to $2.52 now. Cardano’s native token is the other massive gainer from the larger-cap alts. ADA has soared by nearly 9% over the past day and now sits at the coveted resistance level of $1. XLM has also gone on a tear, surging by more than 7% and now trading close to $0.45. In contrast, SUI has dumped by over 3% to $4.82, while TRX, SHIB, and BNB are also slightly in the red. On the other hand, ETH, SOL, DOGE, AVAX, TON, LINK, HBAR, and DOT have marked minor gains over the past 24 hours. The cumulative market capitalization of all crypto assets has remained at essentially the same spot as yesterday at just shy of $3.450 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto BTC Calms at $94K The primary cryptocurrency had a highly eventful and volatile trading week in which it soared past $102,000 on Tuesday, only to crash by more than ten grand in the next 48 hours. This multi-week low took place on Thursday as BTC came close to breaking below $91,000 and even $90,000. More volatility ensued in the following hours, with a jump toward $96,000 and a rejection that pushed it back to almost $92,000. However, the bulls managed to defend the latter and pushed BTC to $94,000 where it has spent most of the weekend, aside from a brief spike to $95,000. As such, bitcoin’s market cap remains at $1.865 trillion on CG, but its dominance over the alts is down to 54.2%. BTCUSD. Source: TradingView The post ADA, XRP Take Main Stage With 8% Gains, BTC Consolidation Continues (Weekend Watch) appeared first on CryptoPotato .
Crypto Potato
You can visit the page to read the article.
Source: Crypto Potato
Tags :
ADABTC ADAUSD BTCEUR BTCGBP BTCUSD BTCUSDT Crypto News featured1 Market Updates XRPBTC XRPUSD
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
XRP ETF Approval Possibilities Rise Amid Ongoing Regulatory Uncertainty and Analyst Predictions
The anticipation surrounding the approval of a spot-based XRP ETF continues to grow, with key insights emerging from industry experts highlighting its potential significance. Currently, XRP is among several cryptocurrencies Crypto Potato
Crypto Surging Higher Than Expected As Asset Class Now in ‘Fundamentally Different Game’: Investor Ryan Watkins
A former research analyst at crypto intelligence firm Messari believes that the digital asset market will soar higher for longer. Ryan Watkins, a co-founder at digital asset investment firm Syncracy Capital, says on the social media platform X that he believes crypto patterns such as the four-year cycle and altcoin season are becoming a thing of the past. According to Watkins, the digital asset market has changed with the emergence of crypto-based exchange-traded funds (ETFs), projects proving their market fit and use case and an upcoming US administration that supports the industry. “Think most people would be better off deleting the words ‘cycle’ and ‘alt season’ from their vocabulary. Although crypto will continue to ebb and flow, it is a fundamentally different game now, with shifting market structure, maturing projects, and a new regulatory paradigm. There will continue to be easier periods than others, and speculative booms at sector levels throughout, but oversimplified models from the past are becoming less relevant by the day.” Watkins believes the changes will lead to an extended crypto bull market that tests investors’ patience. “Before the next extended bear market, higher than many expect, but takes longer to get there than most expect. Current Twitter sentiment is overly dramatic.” He also thinks that the explosion in the number of coins trading in the market is a net positive for the industry. According to Watkins, the condition will force market participants to be judicious in their investments in order to make gains. “Dispersion is good. As the asset class matures, it will be harder to make ridiculous multiples buying ridiculous assets, that in many cases only made money because it was all so early. Active management will be paramount as dispersion continues and the opportunity shifts beyond BTC.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: DALLE3 The post Crypto Surging Higher Than Expected As Asset Class Now in ‘Fundamentally Different Game’: Investor Ryan Watkins appeared first on The Daily Hodl . Crypto Potato
See Also
1 saat önce
Incoming Treasury to Sell Bitcoin ETF Holdings
39 dakika önce
