Bitcoin recently reached a new multi-month peak of $30,400 but has since dropped slightly and is now just below the coveted $30,000 mark. The altcoins, on the other hand, are mostly in the green, with LINK, APT, and AAVE emerging as the top performers with significant double-digit price increases.
Earlier in the week, Bitcoin experienced a pump and dump situation after false news circulated that the US SEC had approved a spot BTC ETF. The asset’s price quickly fluctuated by around $2,000 in a matter of minutes. Despite the news being proven to be fake, the bulls persisted and continued to push the cryptocurrency’s price upwards. As a result, Bitcoin maintained a price above $28,000 and began to rise on Friday evening, eventually surpassing $30,000 for the first time since July.
After a brief retracement, Bitcoin once again saw a surge in value on Saturday evening, reaching a new multi-month peak of $30,400. Currently, Bitcoin hovers just shy of $30,000, but its market capitalization remains above $580 billion. While its dominance over altcoins has slightly decreased, it still sits above 51% on CoinMarketCap.
Following Bitcoin’s upward trajectory, most altcoins have also seen gains during the business week. Ethereum, Binance Coin, Solana, Cardano, Dogecoin, Tron, Toncoin, Polygon, and Polkadot have all experienced minor increases ranging from 1% to 2%. Some mid-cap altcoins, including Chainlink, Aptos, and Aave, have seen impressive double-digit surges. Chainlink, for example, saw an 18% increase, while Aptos and Aave saw increases of 14.5% and 14%, respectively. These notable surges have contributed to an additional $20 billion being added to the total market capitalization, which now stands at $1.140 trillion on CoinMarketCap.
Overall, Bitcoin’s recent price movements have been marked by significant increases and subsequent retracements. Altcoins have also followed this trend to some extent, with some experiencing substantial gains. The cryptocurrency market continues to be volatile, and investors are urged to conduct thorough research before making any Investment decisions..
#LINK #APT #AAVE #Soar #Double #Digits #BTC #Flirts #30K #Weekend #Watch
Earlier in the week, Bitcoin experienced a pump and dump situation after false news circulated that the US SEC had approved a spot BTC ETF. The asset’s price quickly fluctuated by around $2,000 in a matter of minutes. Despite the news being proven to be fake, the bulls persisted and continued to push the cryptocurrency’s price upwards. As a result, Bitcoin maintained a price above $28,000 and began to rise on Friday evening, eventually surpassing $30,000 for the first time since July.
After a brief retracement, Bitcoin once again saw a surge in value on Saturday evening, reaching a new multi-month peak of $30,400. Currently, Bitcoin hovers just shy of $30,000, but its market capitalization remains above $580 billion. While its dominance over altcoins has slightly decreased, it still sits above 51% on CoinMarketCap.
Following Bitcoin’s upward trajectory, most altcoins have also seen gains during the business week. Ethereum, Binance Coin, Solana, Cardano, Dogecoin, Tron, Toncoin, Polygon, and Polkadot have all experienced minor increases ranging from 1% to 2%. Some mid-cap altcoins, including Chainlink, Aptos, and Aave, have seen impressive double-digit surges. Chainlink, for example, saw an 18% increase, while Aptos and Aave saw increases of 14.5% and 14%, respectively. These notable surges have contributed to an additional $20 billion being added to the total market capitalization, which now stands at $1.140 trillion on CoinMarketCap.
Overall, Bitcoin’s recent price movements have been marked by significant increases and subsequent retracements. Altcoins have also followed this trend to some extent, with some experiencing substantial gains. The cryptocurrency market continues to be volatile, and investors are urged to conduct thorough research before making any Investment decisions..
#LINK #APT #AAVE #Soar #Double #Digits #BTC #Flirts #30K #Weekend #Watch
