Hold onto your hats, crypto enthusiasts! The rollercoaster ride continues as XRP, DOGE, AVAX, and LINK take a bit of a tumble, dropping over 3% in just 24 hours.
Meanwhile, Bitcoin's quest to break the $70,000 barrier hit a roadblock. The king of crypto saw a quick sell-off, dipping below $67,000 faster than you can say “HODL.”
The altcoin army is also seeing red, and the total crypto market cap has taken a dip, sliding from a high of $2.5 trillion on Monday morning to just over $2.4 trillion.
After a stellar trading week, where Bitcoin sprinted from $62,500 to a dazzling $69,000, things calmed down over the weekend. By Monday, it looked like Bitcoin was ready to conquer new heights, reaching $69,500, but alas, it couldn't keep the momentum. Rejection at the $70,000 gate led to a swift drop to $66,600. Despite a few attempts to rally, the bulls couldn't shake off the bears, and Bitcoin is back under $67,000.
Reading this market update is like having a front-row seat to the crypto circus, where the unexpected is the only guarantee. If you love the thrill of the crypto markets, why not make it a daily habit?
Bitcoin's market cap has slipped to $1.320 trillion, yet its dominance is flexing a little muscle, rising to 54.8% from 54.5%. When Bitcoin stumbles, the altcoins often take a bigger hit. Some of the top contenders like SUI, APT, UNI, and WIF have taken a nosedive, losing more than 5% in the last day.
The rest of the top 36 altcoins aren't faring much better, with XRP, DOGE, LINK, and AVAX all down by around 3-4%. ETH and BNB have also felt the pinch, dropping by 1.5% to below $2,600 and $580, respectively.
The total market cap of all cryptocurrencies has shrunk to $2.41 trillion, a $90 billion drop since the peak on Monday. It's a wild world out there in the crypto-verse, but that's what keeps it exciting, right? Stay tuned for more twists and turns!
