Get ready for some crypto buzz because HYPE is stealing the spotlight among the mid-cap altcoins!
While Bitcoin has been lounging around the $84,000 mark like a sunbather on a lazy Sunday, it's been trying to shake things up without much success. It's been a week of “will it or won't it” as Bitcoin attempts to break free from its price shackles.
Across the altcoin universe, most coins are playing it cool with barely any movement. But wait, what's that? PI has made a surprising comeback, bouncing back with a 9% rise after a major tumble. And let's not forget HYPE, making waves with a double-digit surge!
Last weekend was a snooze fest for BTC, stuck in a price rut. That is until Sunday evening when a mysterious whale made a splash with a massive short position, causing Bitcoin to do a little dance, jumping up and down by nearly a grand.
The start of the workweek was equally calm, except for a brief dip to $81,000 on Tuesday. But Bitcoin wasn't ready to stay down for long. It quickly bounced back to $83,000, just in time for the second FOMC meeting of the year. Following the Fed's decision to keep interest rates steady, Bitcoin found itself on a rollercoaster ride, fluctuating between $83,000 and $85,000.
As the Asian trading session woke up, Bitcoin decided to make a move, briefly soaring above $87,000. But just as quickly, it fell back down to $83,000 the next day.
Now, Bitcoin is back at $84,000, gearing up for another laid-back weekend. Its market cap has climbed to a whopping $1.670 trillion, but its grip on the altcoin market has loosened a bit, slipping to 58.3% dominance.
Pi Network's token has had a rough week, dropping over 30%, but it's seen a bit of a rebound, climbing back to $1 with an 8-9% boost in the last day.
Not to be outdone, HYPE is making headlines with a 14-5% jump, now trading above $16. Meanwhile, XRP, BNB, ADA, LEO, TON, and XLM are taking a breather in the red zone, while ETH, SOL, DOGE, and TRX are enjoying some minor gains.
The total crypto market cap is playing hard to get, teasing the $2.9 trillion mark but settling around $30 billion shy of it. Stay tuned for more crypto adventures!
