Following a few days of price nosedives, bitcoin finally bounced off and added more than ,000 of value. Most altcoins are also well in the green, with Shiba Inu adding double-digit percentages and Avalanche registering a new ATH. Bitcoin Reclaims K The past several days didn’t go well for the primary cryptocurrency. Shortly after tapping ,000 for its latest price peak, the asset headed straight down and lost ,000 in days. This culminated in a drop to ,000 on November 16th, where BTC stood for a while. However, the bears stepped up once more and pushed it south again. This time, the cryptocurrency fell below ,000 for the first time in over a month. As such, it had lost roughly 20% of its value in ten days, but on-chain data indicated that long-term holders
Topics:
Jordan Lyanchev considers the following as important: ADABTC, ADAUSD, Avalanche (AVAX) Price, AVAXBTC, AVAXUSD, Bitcoin (BTC) Price, BNBBTC, bnbusd, BTCEUR, BTCGBP, btcusd, btcusdt, DOGEBTC, DOGEUSD, DOTBTC, DOTUSD, DOTUSDT, ETHBTC, ethusd, featured1, Market Updates, SHIBBTC, SHIBUSD, social, SOLBTC, SOLUSD, xrpbtc, xrpusd
This could be interesting, too:
Wayne Jones writes VanEck Analyst Predicts Successive All-Time Highs for Bitcoin in Coming Months
Dimitar Dzhondzhorov writes Important Binance Announcement Affecting Certain XRP, ADA, and DOGE Traders: Details
Jordan Lyanchev writes Major Win for Elon Musk in 8 Billion Dogecoin Market Manipulation Lawsuit
Jordan Lyanchev writes Cardano (ADA), Ripple (XRP) Defy Market Sentiment With Double-Digit Price Surges: Details
Following a few days of price nosedives, bitcoin finally bounced off and added more than $2,000 of value. Most altcoins are also well in the green, with Shiba Inu adding double-digit percentages and Avalanche registering a new ATH.
Bitcoin Reclaims $58K
The past several days didn’t go well for the primary cryptocurrency. Shortly after tapping $69,000 for its latest price peak, the asset headed straight down and lost $9,000 in days.
This culminated in a drop to $60,000 on November 16th, where BTC stood for a while. However, the bears stepped up once more and pushed it south again.
This time, the cryptocurrency fell below $56,000 for the first time in over a month. As such, it had lost roughly 20% of its value in ten days, but on-chain data indicated that long-term holders have refused to panic sell their positions and even kept accumulating.
Since that bottom, BTC has bounced off well and has added nearly $3,000. As a result, it now trades well above $58,000, and its market capitalization is up to $1.1 trillion.
Alts in Green: AVAX New ATH
The alternative coins also suffered badly lately but are well in the green now. Ethereum briefly dipped below $4,000, but a 5.5% increase on a 24-hour scale has driven it back to almost $4,300.
Binance Coin dropped below $550 but is now above $580 after a 6.5% increase in a day. Solana has surged by 8.5% since yesterday and stands north of $210.
Shiba Inu and Avalanche have gained double-digit percentages. SHIB is up by 13% and has neared $0.00005, while AVAX surged by 16% and is close to $120. This means that AVAX has tapped a new all-time high.
More gains are evident from Cardano, Ripple, Polkadot, Dogecoin, and Terra from the larger-cap alts.
The situation with the lower- and mid-caps is even greener. Immutable X is the most significant gainer with a 43% surge on a daily scale. Enjin Coin (25%), Zcash (20%), Loopring (19%), Fantom (16%), THORChain (13%), Helium (13%), Revain (12%), KuCoin Shares (11%), and Elrond (10%) follow.
As such, the cryptocurrency market capitalization has added $100 billion in a day and is well above $2.7 trillion on CoinGecko.
