Hold onto your hats, crypto enthusiasts! We've got a wild ride in the digital currency world today. Leading the pack of gainers, we have SOL, LINK, and SUI, cruising their way to some impressive numbers.
Bitcoin decided to kick off the party on Sunday night, and oh boy, it's kept the momentum going! Our favorite digital gold has hit a dazzling $87,600, a peak it hasn't seen since March 7. Talk about a comeback!
But wait, there's more! The altcoin crowd is right behind, with AVAX stealing the spotlight thanks to a jaw-dropping surge. Meanwhile, Pi Network's PI token seems to be having a bit of a meltdown.
The past week was a rollercoaster of news, but Bitcoin's price movement held back a bit—until Wednesday, that is. The US Fed's meeting stirred the pot, and though interest rates remained unchanged, Bitcoin decided to show some dramatic flair, bouncing up and down a few thousand bucks in mere hours.
Ripple's CEO, Brad Garlinghouse, threw a curveball saying the SEC might drop its lawsuit, adding fuel to Bitcoin's fiery ascent to $87,500. However, a quick halt saw it dip before reclaiming lost territory to hover around $84,000 over the weekend. Then, in a late-night rally, it powered past $87,000, even brushing $87,600 for the first time in weeks.
And the excitement doesn't stop there! Although Bitcoin has taken a tiny step back, it's comfortably sitting above $87,000. Its market cap is soaring around $1.730 trillion, with a dominance of 58.5% over the altcoins.
Ethereum is dancing close to $2,100 with a 3.5% daily jump, while XRP has broken past $2.45. SOL, LINK, and SUI are also strutting their stuff with gains between 5-7%. Avalanche, however, is the real showstopper, with a whopping 12% surge, nudging it near $22 for the first time in weeks.
On the flip side, poor PI is having a rough day, shedding another 6% and slipping under $1.
All in all, the total crypto market cap has ballooned by about $80 billion since yesterday, now reaching a staggering $2.960 trillion. So, buckle up and enjoy the crypto carnival!
