Hold onto your crypto hats, folks, because BNB is stealing the spotlight today! While most of the larger-cap alts are hitting the brakes, BNB is zipping ahead with a stellar 6% rise. It's like watching a tortoise race the hares, and this time, the tortoise is winning!
The weekend started off quietly but quickly turned into a rollercoaster ride as the market danced around the $84,000 mark, thanks to some big short positions on Hyperliquid. Talk about a plot twist!
Last week was a wild one for Bitcoin, starting with a nosedive from $86,000 to $80,000. Just when we thought it was catching its breath with a recovery to $84,000, BTC took another tumble to a four-month low of under $77,000. Ouch!
But never underestimate Bitcoin's resilience. It bounced back, climbing over the $80,000 mark, and rode a wave of positive vibes from February's US CPI data, shooting past $85,000 on Wednesday. Unfortunately, that joyride didn't last, and it slipped back to $80,000 before making a weekend comeback to $84,000. The drama continued with a spike to $85,000 and a sudden drop to $82,000 after a massive $366 million short on Hyperliquid. Talk about keeping us on the edge of our seats!
Currently, Bitcoin is chilling just under $84,000, with a market cap of $1.655 trillion. It's still the big boss, commanding 58.6% dominance over the altcoins.
While BNB is having its moment, other major alts like ETH, XRP, ADA, and TRX are nursing minor losses, down by around 1%. SOL isn't having the best day either, sliding over 3.5%. And poor PI is taking the biggest hit, down 10% to under $1.35.
Elsewhere, OKB and MNT are riding high with 5-6% gains, while TRUMP is down by 3%. It's a mixed bag, folks!
Overall, the total crypto market cap has taken a $20 billion dip since yesterday, sitting below $2.830 trillion. But with the ups and downs in this wild crypto world, who knows what tomorrow will bring? Stay tuned and keep those crypto senses sharp!
