Hold onto your crypto hats, folks! The world of digital currency is buzzing with excitement as XLM, SUI, SOL, and DOGE steal the limelight among the big guns of altcoins.
After a roller-coaster ride, Bitcoin has finally pumped the brakes on its downward spiral. The digital giant took a nosedive to a jaw-dropping $78,000 but is now back with a bang, clawing back around $7,000!
The altcoin universe is also on a joyride today, sporting some serious green gains across the board. Last week was a wild one for Bitcoin and the whole crypto scene. Just last Friday, the leading crypto was flirting with the $100,000 mark. But then, bam! A Bybit hack sent it plummeting. The weekend was a bit of a breather, but come Monday, the storm clouds gathered again.
By Tuesday, Bitcoin had shed over $10,000 since the weekend and more than $13,000 since Friday, landing at $86,000. After a brief bounce to $89,000, the bears barged back in, dragging it down to $82,000 by Thursday. The real gut-punch came Friday morning when the price tumbled below $80,000, hitting $78,200—a fresh three-month low that made February 2025 one for the history books.
But wait! Just when the skeptics predicted doom and gloom, with whispers of BTC dropping to $70,000, the tables turned. Bitcoin is now strutting around close to $85,000, recouping a cool $7,000 in just a day! Its market cap is still shy of $1.7 trillion, yet its grip on the altcoin market remains strong at 58%.
Meanwhile, the altcoins are enjoying their own little party. Ethereum has leaped past $2,200 with a 5% boost, and BNB is knocking on $600's door after a 4% rise. Ripple's XRP is holding its own above $2, climbing to $2.17 with an 8% gain. And let's not forget the impressive leaps from SOL (10%), DOGE (9.5%), ADA (7.5%), SUI (9%), and XLM (15%). HBAR, APT, BCH, ONDO, and TRUMP have all joined the double-digit gain club too.
The total crypto market cap has bounced back by a whopping $200 billion, now sitting pretty at $2.9 trillion. So, buckle up and stay tuned for more thrilling adventures in the crypto world!
