Hold onto your hats, folks, because the crypto rollercoaster is in full swing! In just one whirlwind day, Bitcoin took a nosedive from a high-flying $102,000 to a more grounded $95,200.
While Bitcoin was busy keeping us on the edge of our seats, the altcoins were having their own wild ride. Heavy hitters like ETH, DOGE, ADA, and AVAX felt the squeeze, with their prices taking quite the tumble.
After a chill weekend where Bitcoin was lounging around the $98,000 mark, it sprang into action on Monday. It catapulted itself to a multi-week high of $102,400, marking the first time this year it broke past that magical $100,000 barrier. But just as quickly, the tables turned. As the US markets opened and some spicy data hit the scene, Bitcoin took a tumble, shedding $5,000 in just an hour and eventually landing at $95,200. Ouch!
The crypto world, as we know, doesn't live in isolation. When Bitcoin sneezes, the altcoins catch a cold. Ethereum is nursing an 8% drop, while others like SOL, DOGE, ADA, and AVAX have been hit even harder, with double-digit declines. Meanwhile, XRP and BNB managed to keep their losses to a more modest 4.5% and 3.2%, respectively. And in a rare twist, LEO stands as the beacon of resilience, not plunging into the red along with the rest.
The grand total of the crypto market cap took a significant hit, shrinking from $3.760 trillion to just under $3.5 trillion, wiping out about $300 billion in value. It's a wild, wild world in crypto land, so buckle up, and stay tuned for more thrilling updates!
