Hold onto your hats, crypto enthusiasts, because HBAR has just rocketed up nearly 30% in a single day! But while HBAR's soaring, Bitcoin's been on a rollercoaster. Over the weekend, it teased us with a potential sky-high leap to $100,000, only to start the week with a fizzle, dropping to $95,000. Talk about a plot twist!
And it's not just Bitcoin feeling the Monday blues. Big players like SOL and DOGE have also taken a tumble, with SOL down over 4% and DOGE slipping by 3%. Last week was a whirlwind for Bitcoin, with bears initially dragging it down below $91,000. But then, the bulls charged back, propelling it up past $97,000 on Wednesday and nearly reaching $99,000 by Friday. Alas, the weekend didn't sustain this bullish run, and Bitcoin took a dip again.
Monday seemed promising with a brief surge above $98,000 during the Asian trading hours, but it was a fleeting moment before BTC was sharply rejected, tumbling back below $95,000. This slump came as whispers spread about whales moving large chunks of BTC to exchanges, possibly cashing in on profits.
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Bitcoin's current dip has pulled its market cap below $1.9 trillion, and its grip on the alt market has loosened to a 53.2% dominance. Many of the major altcoins are echoing Bitcoin's downturn, with ETH, SOL, BNB, DOGE, and TON all experiencing declines. But don't lose hope! ADA, XLM, AVAX, LTC, and LINK are defying the trend with gains, with Litecoin leading the charge with a 17% boost.
XRP is stealing the spotlight today, shooting up by 22% and reaching a new multi-year high of $2.5, even briefly claiming the spot as the third-largest cryptocurrency. And let's not forget HBAR, making waves with a stunning 26% surge, trading close to $0.25.
Despite these exciting developments, the overall crypto market cap has taken a slight dip, down by about 2.5% to sit below $2.550 trillion. But don't worry; with the ever-changing nature of the crypto world, who knows what tomorrow will bring? Stay tuned for more thrilling updates!
