Hey crypto enthusiasts! Here’s the latest scoop from the wild world of digital currencies. The total crypto market cap has dipped to $2.370 trillion—ouch!
Bitcoin, the big cheese, hit a speed bump at over $66,000 and tumbled by around $2,000 in just a few hours. But hey, it’s not all doom and gloom. Some altcoins are having a mini-party! XRP, SUI, and UNI have seen some sweet gains recently.
Last Monday, Bitcoin had a rollercoaster ride. It shot up from under $63,000 to nearly $65,000, only to get pushed back down. The bears had their fun, but the bulls weren't ready to give up, launching BTC to $66,000 by Friday. It even hit a two-month high of $66,500 before cooling down over the weekend, still hanging around $65,000-$66,000.
Then came Monday morning in Asia, and Bitcoin took a nosedive, shedding roughly $2,000 to settle at $64,200. Its market cap now stands at $1.270 trillion, and its dominance over altcoins has slipped to 53.5%.
But wait, there’s more! Ripple’s XRP was the star of the show yesterday and kept climbing, hitting $0.65 after another 4% surge. Other big names like Toncoin, Solana, Tron, Avalanche, and Bitcoin Cash posted modest gains, while Ethereum, Binance Coin, Dogecoin, Cardano, Shiba Inu, and Chainlink saw losses up to 4%.
Mid-cap heroes TAO and SUI led the charge, followed by APT, RNDR, and XLM.
Despite these ups and downs, the total crypto market cap is down by $60 billion since the weekend, settling at $2.370 trillion. Keep your eyes on the prize, and happy trading!
