Hold onto your hats, crypto enthusiasts, because the market's been on a rollercoaster ride, and it’s showing no signs of slowing down! Buckle up as we dive into the thrilling world of digital currencies, where Bitcoin has once again flexed its muscles, bouncing back in style. In the last 24 hours, Bitcoin has surged back to $90,000 and flirted with the $93,000 mark, a level it hasn’t seen since the market took a nosedive earlier this week.
But wait, there’s more! The altcoins are dancing in the green, with XRP playfully inching towards $2.6 and SOL teasing the $150 level. It’s been a whirlwind in the crypto arena these past weeks. Just last Sunday, Bitcoin seemed calm at around $85,000, taking a breather after its wild swings. But then, former President Trump shook things up by announcing plans for a US crypto strategic reserve, giving Bitcoin and a few other digital assets a shoutout.
The market reacted like a kid in a candy store, with Bitcoin skyrocketing by a cool $10,000 in just a few hours. However, the bears weren’t going to sit quietly by, and they managed to drag Bitcoin down by $13,000, dipping to $82,000 on Tuesday. But the bulls weren’t ready to throw in the towel. They stood their ground, preventing any drop below $80,000. Before you knew it, Bitcoin was back on the climb, crossing $90,000 during the Thursday Asian trading session.
And just like that, Bitcoin’s market cap hit an impressive $1.8 trillion, with a dominance over altcoins standing tall at over 58%. Meanwhile, larger-cap altcoins like Chainlink and Avalanche are stealing the spotlight. LINK has leaped over 7%, now comfortably sitting above $17, while AVAX has climbed nearly 5.5% to approach $22.
The fun doesn’t stop there! XRP, SUI, SOL, and DOGE have all seen gains of about 3-4%, and ETH, TRX, and LTC are also basking in the green glow. But the real party animals are MOVE, ONDO, and CRO, each posting double-digit gains in just one day.
In a nutshell, the total crypto market cap has ballooned by nearly $80 billion since yesterday, reaching a whopping $3.080 trillion. It's a wild world out there in crypto-land, so stay tuned, keep your eyes peeled, and enjoy the ride!
