BTC bulls challenged the $ 66,000 price range, with the entire crypto market rebounding from $ 100 billion in one day and ETH breaking $ 4,700, so let’s take a closer look at the news.
After a few days of volatile price movements, Bitcoin finally hit and challenged $ 66,000, with most of the other altcoins rebounding and ETH rebounding $ 4,700 and SOL trading above $ 240. Even since last week’s record of $ 69,000, BTC’s landscape has been pretty rough as the cryptocurrency is unable to continue rising in the coming days, losing around $ 7,000. This ended in a sharp drop to new weekly lows of over $ 62,000 over the weekend. Bitcoin attempted a slight rebound on Sunday, hitting $ 65,000 before the bears pushed it back south to $ 63,500.
BTC bulls challenged the $ 66,000 range again when Bitcoin sparked a rapid surge in price. It added several thousand dollars in just a few hours, and in its current position exceeded $ 66,000. Bitcoin’s market cap has rebounded to $ 1,250 trillion while its dominance over altcoins is over 43%. Altcoins have suffered in the past few days, just as ETH fell below $ 4,500, but then the second largest altcoin gained more than 3% in the past 24 hours and rebounded $ 4,700.
The rise of Solana is similar to the rise of Ethereum. SOL is over $ 250 and Ripple, Cardano, Binance Coin and SHIB are also back in the green. Litecoin jumped 9% in one day to climb over $ 270, with CRO rising the most among the top 20 coins with a huge gain of 25% to $ 0.50. in contrast, Doge lost 2.4% and Terra was unchanged. Further price gains can be seen on WAX as it is up 34%, TRON is up 13%, Vechain is up 11%, Telcoin is up 10% and ANKR is up 20%. The market capitalization of cryptocurrencies also rebounded by $ 100 billion in a single day, topping $ 3 trillion, according to Coingecko.
We recently reported that the positive market momentum during last Monday morning’s Asian session increased total market capitalization by 3.1%. It has hit a new all-time high of over $ 3 trillion as of press time, according to analytics website CoinGecko. Total market cap hit a new high of over $ 3 trillion as it grew 8.4% over the past 14 days and 25.5% over the past 30 days.
.
Nov 18th, Panama - Gate.io, a global leader in digital asset trading, has officially unveiled…
The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…
Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire
Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…
As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…
With the crypto market reaching new peaks, many are eager to discover digital currencies poised…
This website uses cookies.