Hold onto your hats because the crypto rollercoaster is in full swing! Bitcoin's been on a bit of a bumpy ride, trying to push past that elusive $85,000 mark. Unfortunately, it got nudged back down a couple of grand, leaving some investors holding onto their seats.
It wasn't too long ago that Bitcoin had a wild start to the trading week, plunging by $9,000 in just 48 hours. But just when things looked bleak, the bulls charged back in, lifting it back up to the $80,000 mark. A mid-week rally brought it up to $85,000 thanks to some positive US economic news, only for it to slide back and settle around $84,000 over the weekend.
Another attempt at breaking the $85,000 ceiling was thwarted, and now Bitcoin's hanging out below $83,000. CryptoQuant's CEO even hinted that the bull run might be losing steam.
Meanwhile, the PI token is having a rough time, leading the pack of altcoins with a 16% dip in the last day. It's struggling to stay afloat above $1.1. Other altcoins like Solana, Cardano, Dogecoin, Ripple, Shiba Inu, and Litecoin are also feeling the pinch, with some shedding up to 4% in value.
But it's not all doom and gloom! OKB is defying the trend, climbing over 5% to sit comfortably above $50. AVAX, TRX, and TON are also bucking the trend with gains of their own.
Overall, the market's taken a $20 billion hit, bringing the total crypto market cap down to $2.8 trillion. So, whether you're in it for the thrills or the chills, the crypto world is never short on surprises!
