Hold onto your hats, folks, because the crypto rollercoaster is back in action! BNB is stealing the spotlight today among the big players, making a splash with a leap of over 6%! Meanwhile, PI is taking a dive, dropping almost 10%, proving that in the crypto world, it's either a party or a pity party.
This week has been a wild ride for BTC, which started with an unexpected nosedive from $86,000 to $80,000. It wasn't all doom and gloom, though. BTC bounced back to $84,000, only to take another tumble to a four-month low below $77,000. But fear not, Bitcoin enthusiasts! The comeback kid made a triumphant return above the $80,000 mark, thanks to some uplifting US CPI data, soaring past $85,000 midweek.
Yet, in true crypto fashion, the rally was as short-lived as a summer fling. BTC dipped back to $80,000 before catapulting to $84,000 over the weekend. But in a dramatic twist, a massive $366 million short position on Hyperliquid sent it spiraling down to $82,000. Talk about a plot twist!
Currently, BTC sits just shy of $84,000, boasting a hefty market cap of $1.655 trillion and a commanding 58.6% dominance over altcoins. Speaking of alts, Binance Coin is the star of the show, trading above $630, while its peers like ETH, XRP, ADA, and TRX are nursing minor losses. SOL isn't having the best day either, down over 3.5%, and PI is licking its wounds after a 10% dip.
But wait, there's more! OKB and MNT are on a joyride, pumping by 5-6%, while TRUMP is feeling the blues, down by 3%. The total crypto market cap has taken a hit, dropping over $20 billion, now sitting below $2.830 trillion. Buckle up, because in the world of crypto, the excitement never stops!
