Hold onto your hats, crypto enthusiasts, because HYPE is taking the spotlight as the top performer among the mid-cap alts! Meanwhile, Bitcoin's been in a bit of a rut, hanging around the $84,000 mark like it's on a coffee break, despite a few energetic attempts to shake things up.
Most altcoins are keeping it chill today, not showing much movement, except for PI, which decided to stage a comeback with a 9% pop after its previous slip. But the real rockstar here is HYPE, soaring into the double digits with a burst of enthusiasm!
Last weekend was like a quiet Sunday drive for BTC, not much movement, until a whale decided to stir the pot with a large short position, causing BTC to do a little dance up and down by about a thousand bucks.
As the week kicked off, things remained relatively calm, aside from a brief tumble down to $81,000 on Tuesday. But BTC bounced back like a champ, reaching $83,000 ahead of the second FOMC meeting of the year. Once the Fed decided to keep interest rates steady on Wednesday, BTC got a bit jittery, dancing around $83,000 to $85,000.
Then, in a bold move, BTC shot up over $87,000 during the early morning Asian trading session, only to pull a disappearing act back down to $83,000 the next day.
Now, it's settled back at $84,000, gearing up for another laid-back weekend. Its market cap's up to $1.670 trillion, but it's lost a little dominance over the alts, now at 58.3%.
Pi Network's native token had a rough week, plummeting over 30%, but it's finally catching a break, climbing back to $1 with an 8-9% surge. Meanwhile, HYPE is the shining star, rising by about 14-5% and now trading above $16. On the flip side, some other big names like XRP, BNB, ADA, LEO, TON, and XLM are seeing a bit of red, while ETH, SOL, DOGE, and TRX are making minor gains.
The total crypto market cap couldn't quite cross the $2.9 trillion finish line and is chilling about $30 billion below it. So, keep your eyes peeled and your wallets ready for the next big move in this ever-exciting crypto world!
