Guess who's stealing the spotlight in the crypto world today? It's HYPE, the buzzing mid-cap altcoin that's on a rocket ride, leaving others in its dust!
As for the king of crypto, Bitcoin seems to be playing a game of “stay put,” hovering around the $84,000 mark. It's like it's on a tightrope, trying to decide whether to take a leap of faith up or down, with no major moves despite a few flirtations with the idea.
Meanwhile, most altcoins are chilling on the sidelines, not making much noise. But wait, PI just decided to shake things up a bit with a 9% jump after its recent tumble. And HYPE? It's making waves with a double-digit surge!
Last weekend was like a calm before the storm for Bitcoin, with nothing much happening until a whale decided to make a splash with a big short position. That sent BTC on a mini rollercoaster, bouncing around by about a thousand bucks.
The start of the week was like a gentle breeze, with a slight dip to $81,000 on Tuesday. But Bitcoin, being the resilient asset it is, sprang back to $83,000 just in time for the second FOMC meeting of the year. The Fed's decision to keep interest rates steady added a sprinkle of volatility, with Bitcoin dancing between $83,000 and $85,000.
Things got spicy when Bitcoin shot up past $87,000 during the Asian trading session, only to pull back to $83,000 the next day. Now, it's back at $84,000, gearing up for another mellow weekend. Its market cap has climbed to $1.670 trillion, but its dominance over altcoins has dipped to 58.3%.
Over in the Pi Network corner, things have been a bit rough. The token has had a tough week, dropping over 30%. But there's a silver lining—it bounced back in the last 24 hours, climbing back to $1 with an 8-9% boost.
As for HYPE, it's been the life of the party, skyrocketing by 14.5% and trading above $16. Other big players like XRP, BNB, ADA, LEO, TON, and XLM are feeling a bit down, while ETH, SOL, DOGE, and TRX are enjoying some modest gains.
The total crypto market cap tried to break through the $2.9 trillion ceiling but fell short, now resting around $2.87 trillion. It's a wild ride out there, so stay tuned for more thrilling updates from the crypto rollercoaster!
