Hey crypto enthusiasts, buckle up because the market’s been on a wild ride! Yesterday, Bitcoin took a dip below $63,000, but the bulls weren't ready to give up. They've pushed it back up towards $64,000, showing they're still in the game.
While most big-name altcoins are taking a breather, ADA and DOT are breaking the mold. ADA has jumped over 4%, and DOT isn't far behind with just under 4% gains. Talk about standing out in a sluggish crowd!
Last week was a real rollercoaster for Bitcoin. It started slow, dropping to $57,600, but things got spicy by Friday. The US Fed announced a 0.5% cut in key interest rates during the Wednesday FOMC meeting, and Bitcoin's price moves followed suit. It soared past $64,000, only to slip back to around $63,000 over the weekend.
Monday morning saw another surge, with Bitcoin hitting $64,800 – its highest in over four weeks. Yet, it couldn't hold that level and dipped below $63,000 yesterday. But don’t fret, it's back up by about $1,000 and is flirting with $64,000 again. Its market cap is nearing $1.260 trillion, with dominance just shy of 54%.
On the larger-cap altcoins front, Binance Coin, Solana, and Cardano are stealing the spotlight. BNB is back above $600 with a 2.6% daily increase, SOL is eyeing $150 after a 3% gain, and ADA has soared by a whopping 5%, now standing at $0.36.
The rest of the big players are also in the green, but their gains are more modest. NEAR Protocol’s token is a notable exception, jumping 8% in a day and 20% since Sunday, now trading above $5.2.
Other top performers from the top 100 alts include AR with a 16% boost, TIA up by 15%, WIF gaining 11%, and LDO, ICP, and STX all up by 9%.
The total crypto market cap has added a cool $20 billion overnight, now sitting pretty at $2.340 trillion.
Stay tuned, folks – the crypto market never sleeps, and neither should your updates.
