Hold onto your hats, folks! The crypto rollercoaster ride is far from over. After yesterday's wild dip, the altcoins are bouncing back, showing off some fresh green hues today.
Bitcoin, the big kahuna of cryptocurrencies, experienced a jaw-dropping plunge, shedding over $10,000 in just a day. But things have settled down, and it's now chilling at around $89,000. Talk about a comeback!
Just last week, Bitcoin was on a hot streak, eyeing that elusive $100,000 mark after a solid $5,000 gain. But, alas, a massive hack on Bybit threw a wrench in the works, with a staggering $1.4 billion vanishing into thin air.
BTC took a nosedive to $95,000 within hours, and although it managed to claw back some ground over the weekend, Monday and Tuesday were rough. The cryptocurrency plummeted from $96,000 to $86,000, marking one of its most dramatic corrections in recent memory. It wiped out gains from the recent presidential election frenzy.
But fear not! Bitcoin has dusted itself off and is now steady at $89,000. Its market cap took a $150 billion hit but is slowly climbing back to over $1.760 trillion. Meanwhile, its dominance over altcoins slipped by almost 1% to 57.9%.
The altcoin squad had a rough day yesterday, but they're staging quite the comeback. Ethereum, which dipped to $2,300, is now flexing its muscles at around $2,500, thanks to a 4% daily boost. BNB and SOL are also on the rise, with BNB at $630 and SOL soaring past $140.
XRP is stealing the spotlight with an impressive 8.5% gain, cruising above $2.3. And it's not alone! DOGE, ADA, LINK, XLM, AVAX, LTCO, SUI, TON, SHIB, HBAR, HYPE, and others are riding the wave of recovery.
The total crypto market cap took a $300 billion hit but is bouncing back, now sitting pretty above $3.050 trillion after clawing back $100 billion.
The crypto world is anything but dull, and this is your daily ticket to stay in the loop!
