Hold onto your hats, folks! The crypto rollercoaster rides on with TRX and TON taking the lead in gains, while PI seems to be stuck in reverse. It's been a bit of a whirlwind for Bitcoin this week; despite all the twists and turns, it’s right back where it started last Sunday.
The real action, though, is happening in the altcoin arena. Ethereum has bounced back over the magical $2,000 mark, and Dogecoin is flirting dangerously close to dropping below $0.17.
Bitcoin's journey over the past week has been nothing short of dramatic. Last Sunday, it was chilling at $84,000 before taking a nosedive on Monday and Tuesday, hitting a low of just over $81,000. Traders were on edge, waiting for the FOMC meeting on Wednesday. When the Fed decided to hit the pause button on interest rate changes, Bitcoin went on a wild ride, soaring to a multi-week high of over $87,000 by Thursday morning in Asia. But, like a plot twist in your favorite thriller, the bears weren't done yet! They pushed Bitcoin back down to $83,000, though it bravely clawed its way back to just above $84,000. The weekend, however, was as thrilling as watching paint dry.
Bitcoin's market cap is lounging at $1.670 trillion, with its grip on the altcoins loosening just a smidge to 58.3%.
While the last 24 hours have been snooze-worthy, the past week tells a different story. Ethereum is strutting with a 4% increase, hopping back over $2,000. Tron and Toncoin are the week’s superstars, with gains of 9% and 6.5%, respectively. Meanwhile, UNI, APT, KBT, AAVE, GT, and HYPE are the mid-cap heroes, strutting their stuff with impressive gains.
On the flip side, PI has taken a nosedive, dropping over 32% to $1. Solana, Cardano, and Dogecoin are also feeling the blues with losses of up to 4%.
Overall, the total crypto market cap remains steady at $2.870 trillion. So there you have it, another week in the wild and wonderful world of crypto! Stay tuned for more twists and turns.
