Hold onto your hats, crypto fans, because it's been a whirlwind in the world of digital currencies! Bitcoin, the big kahuna, is having a bit of a roller coaster ride, dipping below $96,000 after a weekend of hanging out at that level. But hey, that's crypto for you—full of surprises!
While Bitcoin is trying to find its footing, the altcoins are having a tougher time. Picture a sea of red, with coins like SOL, DOGE, ADA, LINK, and AVAX taking quite the tumble. It's like a crypto carnival gone awry.
The week started with Bitcoin taking a nosedive to under $93,500, but the bulls weren't having any of that and quickly swooped in to save the day. By midweek, Bitcoin was back on track, flexing its muscles at around $96,000. Then, just when things were looking up, Bybit got hit with a $1.4 billion hack, and Bitcoin took a fast slide down to $95,000. Talk about a plot twist!
The weekend offered a bit of a breather, with Bitcoin hovering around $96,000, but Monday decided to throw a curveball, pushing it just below that mark again. Despite the ups and downs, Bitcoin's market cap is still a hefty $1.9 trillion, and its dominance over the altcoins is growing.
Speaking of those altcoins, they're looking a bit bruised today. Ethereum has slipped by 4%, XRP's struggling below $2.5, and other coins like Solana, Dogecoin, and Cardano are feeling the pinch with losses up to 8%. The biggest loser? HYPE, dropping a whopping 11.5% to $21.5. Ouch!
Overall, the total crypto market cap has shed over $60 billion since yesterday, now sitting at $3.265 trillion. It's a wild ride, folks, but that's the thrill of the crypto universe. Stay tuned, because who knows what tomorrow will bring in this crazy, ever-changing market!
