Hey there, crypto enthusiasts! Buckle up because we're diving into the latest buzz in the crypto world. Let's kick things off with HYPE – it's not just living up to its name, it's soaring as the top gainer among mid-cap altcoins.
Meanwhile, Bitcoin, our crypto superstar, is playing it cool, hanging out around the $84,000 mark. It's been trying to break free, but no such luck in the past week. That said, it's been an exciting ride with a whale of a trade last Sunday making Bitcoin jump around by a grand!
The week started off on a mellow note, with Bitcoin skidding down to $81,000 on Tuesday before bouncing back to $83,000. Then came the big news from the Fed's meeting – no change in interest rates, which sent Bitcoin on a rollercoaster between $83,000 and $85,000. It even flirted with $87,000 for a hot minute during the Asian trading hours, but decided to chill back at $83,000 the next day.
As for the altcoins, most of them are quietly sipping their virtual lattes, not moving much. But wait, PI decided to make a comeback with a 9% jump after a rough patch. HYPE is stealing the spotlight with a double-digit surge, now trading above $16. Meanwhile, XRP, BNB, ADA, LEO, TON, and XLM are feeling a bit blue, while ETH, SOL, DOGE, and TRX are making some modest gains.
Right now, Bitcoin’s market cap is flexing at $1.670 trillion, though its dominance over altcoins has slipped a bit to 58.3%. Pi Network’s token, after a bumpy ride, finally found some relief, bouncing back to $1. The total crypto market cap is playing a game of tag with the $2.9 trillion mark, just $30 billion shy.
So, there you have it! Your whirlwind tour of the crypto scene. Keep those eyes peeled and ears open for more exciting updates. Stay tuned, and let's ride these crypto waves together!
