Hey there, crypto aficionados! Let's dive into the latest buzz from the crypto realm. While Bitcoin seems to be having a bit of a snooze fest, slipping below $93,000 yesterday but now stretching up to around $94,000, the altcoin party is in full swing! SOL, AVAX, and LINK are leading the charge with some impressive gains in the larger-cap alt category.
Remember just a week ago when Bitcoin was strutting its stuff above $100,000 and even hit a record-breaking high of over $108,000? Ah, those were the days! But things took a twist after the last FOMC meeting for the year. The crypto king stumbled to $105,000, and the bears pushed it even further south, hitting a low of $92,000 on Friday.
But wait, the bulls weren't ready to throw in the towel just yet! They bounced back over the weekend, propelling BTC above $99,000 on Saturday, only for it to take another tumble as the new week kicked off. Blame it on the rising net outflows from US-based ETFs, perhaps?
Despite this rollercoaster, Bitcoin's sitting at a sluggish $94,000. Its market cap's hanging below $1.870 trillion, with dominance hovering near 54%. While BTC is down by 1%, the altcoin crowd is painting the town red! ETH, BNB, XRP, DOGE, ADA, TRX, and SHIB are up by about 2-3%, while AVAX, LINK, and SUI are rocketing by 5-6%.
Hold onto your hats, because HBAR and AAVE are stealing the spotlight with double-digit jumps! And if you're looking for the top dogs among the top 100 alts, VIRTUAL (24%), PENGU (16%), BGB (15%), HNT (13%), and MOVE (13%) are the ones to watch.
All in all, the total crypto market cap has climbed around $20 billion since yesterday, now standing tall above $3.460 trillion. What a wild ride, right? Stay tuned for more thrilling updates from the world of crypto!
