Bitcoin experienced a price drop to around $34,000 after a period of bullish momentum. Altcoins also declined, with coins like MATIC, DOT, AVAX, and UNI seeing price drops of up to 6% in a day. Despite the drop, bitcoin’s dominance over altcoins has increased to just over 53% on CoinMarketCap.
The week started off with bitcoin surging above $30,000 and reaching a 17-month peak of $35,200. This was fueled by speculations about the approval of BlackRock’s spot bitcoin exchange-traded fund (ETF) application and excitement surrounding the product’s ticker symbol. However, a retracement followed, and bitcoin faced resistance at the $35,000 level.
As of now, bitcoin trades at around $34,000, with a market capitalization of $665 billion. Meanwhile, meme coins like DOGE, SHIB, and PEPE saw double-digit gains, while FLOKI, another meme coin, experienced a massive 30% surge, reentering the top 100 altcoins by market cap.
In contrast, larger-cap altcoins like Ethereum, Polygon, Polkadot, Avalanche, and Uniswap have declined in value. Ethereum dropped over 4% and is Trading below $1,800. Other altcoins like HBAR, LDO, and APT also experienced daily losses of up to 7%. Coins such as BNB, XRP, SOL, ADA, TRX, TON, LINK, and LTC are also in the red.
Overall, the total crypto market cap has decreased by $20-30 billion daily and currently stands at $1.25 trillion. It is important to conduct thorough research before making any Investment decisions in the cryptocurrency market.
Please note that the information provided is from CryptoPotato and does not represent the opinions of the platform on whether to buy, sell, or hold any investments. Use the provided information at your own risk..
#Bitcoin #Price #Shaky #34K #FLOKI #Skyrockets #Daily #Market #Watch
The week started off with bitcoin surging above $30,000 and reaching a 17-month peak of $35,200. This was fueled by speculations about the approval of BlackRock’s spot bitcoin exchange-traded fund (ETF) application and excitement surrounding the product’s ticker symbol. However, a retracement followed, and bitcoin faced resistance at the $35,000 level.
As of now, bitcoin trades at around $34,000, with a market capitalization of $665 billion. Meanwhile, meme coins like DOGE, SHIB, and PEPE saw double-digit gains, while FLOKI, another meme coin, experienced a massive 30% surge, reentering the top 100 altcoins by market cap.
In contrast, larger-cap altcoins like Ethereum, Polygon, Polkadot, Avalanche, and Uniswap have declined in value. Ethereum dropped over 4% and is Trading below $1,800. Other altcoins like HBAR, LDO, and APT also experienced daily losses of up to 7%. Coins such as BNB, XRP, SOL, ADA, TRX, TON, LINK, and LTC are also in the red.
Overall, the total crypto market cap has decreased by $20-30 billion daily and currently stands at $1.25 trillion. It is important to conduct thorough research before making any Investment decisions in the cryptocurrency market.
Please note that the information provided is from CryptoPotato and does not represent the opinions of the platform on whether to buy, sell, or hold any investments. Use the provided information at your own risk..
#Bitcoin #Price #Shaky #34K #FLOKI #Skyrockets #Daily #Market #Watch
