23 days ago
Bitcoin experienced some enhanced volatility yesterday when it was rejected at $97,500 and pushed south hard by three grand in hours before it settled at just over $95,000. In contrast, numerous altcoins have outperformed, charting mindblowing surges, such as ADA, AVAX, TRX, LINK, HBAR, and many others. BTC Stalls at $95K It was just a week ago when the primary cryptocurrency slumped hard and fell below $91,000, which became its most violent correction since the Trump-induced rally started in early November. However, the asset didn’t stay there for long and started to recover ground in the following days. The weekly peak came on Friday as BTC neared $99,000. Nevertheless, the bears managed to defend that level and pushed bitcoin down to approximately $96,500 during the weekend. Monday morning started with a surge to $98,000 but that was short-lived as BTC plunged to $95,000 almost immediately. Another rollercoaster followed suit with bitcoin jumping to $97,500 before it was driven south once again to $94,500. Despite its recovery attempts since then, BTC now trades just inches above $95,000. This decline means that BTC’s market cap has remained below $1.9 trillion, but its dominance over the alts has been pushed south hard. The metric is down to just 52% after peaking at nearly 60% weeks ago, according to CoinGecko. Bitcoin/Price/Chart 3.12.2024. Source: TradingView These Alts Do Good The past few days belonged to XRP and yesterday was no exception as the asset skyrocketed by another 25% at one point and neared $3 for the first time in almost seven years. Although it has retraced since then to $2.6, its market cap of $150 billion still places it as the third-largest cryptocurrency by that metric. Other massive gainers over the past 24 hours include ADA, which has soared by 17%, AVAX (11%), TRX (14%), DOT (16%), LINK (27%), SUI (15%), HBAR (42%), and quite a few others. The total crypto market cap has gained $70 billion since yesterday as it has all gone to the alts. The metric is above $3.6 trillion once again. Cryptocurrency Market Overview. Source: QuantifyCrypto The post These Altcoins Take Center Stage With Massive Gains as BTC Stalls at $95K (Market Watch) appeared first on CryptoPotato .
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SBI Holdings Collaborates with DMM Bitcoin Following Cyber Attack
SBI Holdings partners with DMM Bitcoin to secure user accounts after a cyber attack. The cyber attack resulted in a significant theft of Bitcoin and user compensation plans. Continue Reading: SBI Holdings Collaborates with DMM Bitcoin Following Cyber Attack The post SBI Holdings Collaborates with DMM Bitcoin Following Cyber Attack appeared first on COINTURK NEWS . Crypto Potato
Crypto Market Bleeds Out Again as Bitcoin (BTC) Was Rejected at $100K (Market Watch)
The BTC relief rally in the past few days was halted yesterday as the asset was stopped at $100,000 and pushed south hard. As expected, the altcoins have suffered even more, with substantial price declines from the likes of LINK, AVAX, ADA, SUI, and many others. Bitcoin Stopped at $100K Bitcoin went through a massive correction last week following the latest FOMC meeting. It dumped all the way from $108,000 to $92,000 in a matter of days. It bounced off on Friday and Saturday as the bulls drove it to almost $99,500. However, it failed there and retraced hard once again at the start of the business week toward $92,000 once more. The bulls stepped up again at this point and initiated a notable price increase that pushed bitcoin up to $99,200 on Christmas Eve and almost $100,000 yesterday evening. Once again, though, the cryptocurrency was stopped at this point. The subsequent rejection has driven it south hard, as the asset now struggles below $96,000. Its market capitalization has declined to under $1.9 trillion on CG, while its dominance over the alts has increased to 54.6%. Bitcoin/PriceChart 26.12.2024. Source: TradingView Alts Bleed Out The alternative coins registered some gains in the past few days as well, but red dominates all charts now. Ethereum was stopped at $3,500 and is below $3,400 after a 3.5% daily drop. Similar declines are evident from XRP, DOGE, SOL, BNB, TRX, and TON. Even more painful corrections come from the likes of ADA, AVAX, LINK, SHIB, HBAR, XLM, and DOT, with losses of up to 9%. AAVE has plummeted by 10%, and so have ONDO and HYPE. The cumulative market capitalization of all crypto assets has seen more than $100 billion gone and is down to $3.460 trillion on CoinGecko. Cryptocurrency Market Overview. Source: QuantifyCrypto The post Crypto Market Bleeds Out Again as Bitcoin (BTC) Was Rejected at $100K (Market Watch) appeared first on CryptoPotato . Crypto Potato
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