Tuesday , March 19 2024
Home / Altcoins / After Volatile Week BTC Reclaims $43K, Litecoin Spikes 8% (Market Watch)

After Volatile Week BTC Reclaims $43K, Litecoin Spikes 8% (Market Watch)

Summary:
After yesterday’s drop to sub-,000 levels, bitcoin bounced off and spiked to around ,000. Most altcoins are slightly in the green as well on a daily scale, with BNB nearing 0 and more impressive gains from Litecoin and ATOM. Bitcoin Touches K The past several days seemed quite positive for the primary cryptocurrency. The asset had recovered from its dip below ,000 on Monday and was increasing in value gradually. In just a few days, it added more than ,000 of value, which resulted in breaking above ,000 on a few occasions – the last one on Thursday. However, this is there the landscape changed. After touching a weekly high of ,500, the bears stepped up and pushed BTC south. This time, bitcoin dropped by over ,500 and declined to just under ,000

Topics:
Jordan Lyanchev considers the following as important: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

This could be interesting, too:

Chayanika Deka writes Core Scientific Reports Yearly Revenue Decrease in Q4 2023, Net Losses Shrink

Anthonia Isichei writes Bitcoin Fog Operator Declared Guilty of Money Laundering, Faces Up to 50 Years in Prison

Dimitar Dzhondzhorov writes ‘There and Back Again:’ Bitcoin’s Revival Explained for ‘The Lord of the Rings’ Fans (Op-ed)

Mandy Williams writes This Happened on Coinbase’s Bitcoin Premium Index Before BTC Plunged to K

After yesterday’s drop to sub-$42,000 levels, bitcoin bounced off and spiked to around $43,000. Most altcoins are slightly in the green as well on a daily scale, with BNB nearing $500 and more impressive gains from Litecoin and ATOM.

Bitcoin Touches $43K

The past several days seemed quite positive for the primary cryptocurrency. The asset had recovered from its dip below $40,000 on Monday and was increasing in value gradually.

In just a few days, it added more than $4,000 of value, which resulted in breaking above $44,000 on a few occasions – the last one on Thursday.

However, this is there the landscape changed. After touching a weekly high of $44,500, the bears stepped up and pushed BTC south. This time, bitcoin dropped by over $2,500 and declined to just under $42,000 yesterday.

Since then, BTC has added around $1,000 of value and now sits at approximately $43,000, and its market capitalization has remained above $800 billion.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

Litecoin Spikes 8%: BNB Nears $500

Ethereum went through a volatile week of its own in the past several days, which included a drop to a multi-month low beneath $3,000. After that dump, though, ETH went on the offensive and recovered $300 in days. As of now, a minor 2% increase since yesterday has pushed the second-largest crypto to above $3,300.

Binance Coin is up by around 3% on the day and is close to challenging $500. Ripple, Polkadot, Avalanche, Shiba Inu, MATIC, LINK, and Terra are also slightly in the green.

Litecoin (8%) is the most substantial gainer from the larger-cap alts, followed by ATOM (7%). In contrast, Dogecoin, Solana, and ADA have tapped minor losses.

The cryptocurrency market capitalization has increased by around $40 billion since yesterday and remains well above $2 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Source: Quantify Crypto

Leave a Reply

Your email address will not be published. Required fields are marked *