Hold onto your hats, crypto fans! XRP and DOGE are leading the charge in what’s been a bit of a rocky road recently. Picture this: Bitcoin, the king of crypto, has been taking it easy over the weekend, chilling at a cool $62,000. But don’t be fooled by its calm demeanor—last week was anything but smooth sailing.
Bitcoin kicked off the week above $66,000, but then took a nosedive to $63,000 as Monday blues hit hard. The mid-week brought even more drama with tensions rising in the Middle East, and Bitcoin saw a couple of dips below the $60,000 mark. But fear not! The bulls rallied, and Bitcoin clawed its way back to around $62,000, though it’s still down over 5% from last week.
Now, let’s talk market dominance. Bitcoin's market cap has shrunk from a whopping $1.3 trillion to $1.225 trillion, but its grip on the altcoins has tightened, jumping to 54.3%.
And in the altcoin world, XRP was buzzing in the headlines. It started the week on a high note with an XRP ETF filing, but the SEC quickly rained on the parade with an appeal, sending XRP’s price tumbling 15% in less than a day. Ouch! It’s slightly back up to $0.53 but still licking its wounds from a double-digit drop.
Other big-name alts like DOGE, ADA, SHIB, DOT, and NEAR weren’t spared either, each taking a hit with double-digit losses. The total crypto market cap took a hefty $150 billion hit but has bounced back a bit, now sitting at $2.250 trillion.
So, there you have it—a wild ride in the crypto world. Keep your eyes peeled and your crypto wallets ready, because who knows what next week will bring!
