Bitcoin’s price remains shaky at around $26,000, despite a slight recovery in the past day. Last week, bitcoin reached $29,700 before dipping to below $29,000 by Thursday. Speculation that Elon Musk’s SpaceX sold its remaining bitcoin stash caused the price to drop to a two-month low of $25,300. However, it quickly rebounded to above $26,000 before slipping below it again.
Alternative coins also followed bitcoin’s downward trend, experiencing significant price drops. Ethereum, for example, dropped from over $1,850 to about $1,600, hitting a multi-month low. Currently, it sits just above $1,650. Despite these losses, some larger-cap altcoins such as BNB, XRP, ADA, DOGE, and SOL are slightly in the green on a daily scale. XRP has managed to maintain the $0.5 level.
One notable Altcoin that has defied the Market‘s downward trend is THORChain’s RUNE, which has seen a 30% increase and is the best performer among the top 100 altcoins. It has surged 11% in the past day, reaching $1.75.
Overall, the total cryptocurrency market cap has somewhat recovered from its losses, currently standing at just over $1.050 trillion.
However, it’s important to conduct one’s own research before making any Investment decisions..
#RUNE #Defies #Market #Sentiment #Weekly #Surge #BTC #Uncertain #26K #Market #Watch
Alternative coins also followed bitcoin’s downward trend, experiencing significant price drops. Ethereum, for example, dropped from over $1,850 to about $1,600, hitting a multi-month low. Currently, it sits just above $1,650. Despite these losses, some larger-cap altcoins such as BNB, XRP, ADA, DOGE, and SOL are slightly in the green on a daily scale. XRP has managed to maintain the $0.5 level.
One notable Altcoin that has defied the Market‘s downward trend is THORChain’s RUNE, which has seen a 30% increase and is the best performer among the top 100 altcoins. It has surged 11% in the past day, reaching $1.75.
Overall, the total cryptocurrency market cap has somewhat recovered from its losses, currently standing at just over $1.050 trillion.
However, it’s important to conduct one’s own research before making any Investment decisions..
#RUNE #Defies #Market #Sentiment #Weekly #Surge #BTC #Uncertain #26K #Market #Watch
