Categories: Bitcoin

BTC bulls challenge $ 66K as the crypto market rebounds

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.

.

Coincu

Recent Posts

Gate.io Launches USDE Financial Products with Annualized Returns of Up to 54%, Ushering in a High-Return Era for Stablecoin Investments

Nov 18th, Panama - Gate.io, a global leader in digital asset trading, has officially unveiled…

26 minutes ago

Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts

The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…

55 minutes ago

Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets

Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire

1 hour ago

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

3 hours ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

4 hours ago

Which Crypto Will Explode in the 2024-2025 Bull Run?

With the crypto market reaching new peaks, many are eager to discover digital currencies poised…

4 hours ago

This website uses cookies.