Hold onto your hats, crypto enthusiasts, because the world of digital currency is as thrilling as ever! Starting with the star of the show, PEPE, which is dazzling the larger-cap altcoins with its stellar performance.
Meanwhile, Bitcoin, the king of cryptocurrencies, has been teasing us with its dance around the $100,000 mark. It made a bold move upwards following a certain political landslide, shooting from under $70,000 to nearly touching that magical six-figure mark. But alas, it seems the bears had other plans, pulling BTC back just when it seemed ready to break new ground.
Last Thursday was a real nail-biter as Bitcoin broke through to a fresh all-time high of nearly $104,000 before an unexpected turn sent it tumbling back to $92,000. After shaking off some of those pesky leveraged positions, Bitcoin made another bid for glory, reaching $102,000 on Friday evening. But like a roller coaster ride, it couldn't quite hold on, slipping back below the $100,000 line where it rests today.
The broader crypto market is buzzing too. The term “altseason” is trending, and coins are making moves! PEPE leapt by a whopping 20%, hitting a new peak at over $0.000026 before cooling off a bit. Dogecoin also had a blast, nearly reaching $0.5 for the first time in over three years. SHIB is soaking in the green, amidst whispers it might outshine PEPE by year's end.
XRP, after a few gloomy days, is back in action with a 4.5% boost, now trading above $2.5. Other altcoins are keeping things calm in comparison.
The total crypto market cap took a bit of a dip, shedding about $40 billion since yesterday, standing at $3.820 trillion. But don't worry, in the world of crypto, every day is a new adventure!
