After the recent price pumps and new multi-month highs, bitcoin has lost some traction but still remains north of ,000. Most altcoins are also slightly in the red today, with ETH sliding beneath ,100. OKB, on the other hand, has exploded by double digits and neared its previous ATH. Bitcoin Maintains K The working week began with little-to-no movements, similar to the previous weekend, and BTC was stuck around ,000. However, that all changed as Monday came to an end. The cryptocurrency started gaining value rapidly, spiking above ,000 before climbing to ,000 for the first time since June 2022. The price surge resulted in tapping ,500 to chart a ten-month high. The CPI data announced on Wednesday resulted in more volatility, with BTC pumping and dumping
Topics:
Jordan Lyanchev considers the following as important: featured1, Market Updates, social
This could be interesting, too:
Jordan Lyanchev writes Double-Digit Price Surges From These Altcoins as BTC Was Stopped Before 0K (Weekend Watch)
Jordan Lyanchev writes Bitcoin’s Peak Above K, Ripple’s Price Explosion, Meme Coin Madness: Your Weekly Crypto Recap
Jordan Lyanchev writes BTC Price Explodes to K Despite Bitcoin Miners Reportedly Taking Profit
Jordan Lyanchev writes Double-Digit Price Surges From These Altcoins as Bitcoin (BTC) Eyes K (Weekend Watch)
After the recent price pumps and new multi-month highs, bitcoin has lost some traction but still remains north of $30,000.
Most altcoins are also slightly in the red today, with ETH sliding beneath $2,100. OKB, on the other hand, has exploded by double digits and neared its previous ATH.
Bitcoin Maintains $30K
The working week began with little-to-no movements, similar to the previous weekend, and BTC was stuck around $28,000. However, that all changed as Monday came to an end. The cryptocurrency started gaining value rapidly, spiking above $29,000 before climbing to $30,000 for the first time since June 2022.
The price surge resulted in tapping $30,500 to chart a ten-month high. The CPI data announced on Wednesday resulted in more volatility, with BTC pumping and dumping by $500 in hours.
The last price surge came on Friday when bitcoin skyrocketed to just over $31,000 to chart yet another ten-month high. However, it failed there and retraced by a grand in the following hours.
Since then, BTC has recovered some ground and now stands around $30,500. Its market capitalization has remained close to $590 billion, while its dominance over the altcoins is at 46.3%.
OKB Soars 16%
Ethereum was among the best performers in the past few days, especially after the completion of the Shapella update. ETH went from $1,900 to over $2,100 to mark an 11-month high. In the past 24 hours, though, ETH has lost some ground and now stands inches below $2,100.
Binance Coin, Ripple, Dogecoin, Polygon, Solana, Polkadot, Litecoin, and Shiba Inu are also slightly in the red.
In contrast, ARB has jumped by 8% in the past 24 hours, which only solidified yesterday’s massive pump. Nevertheless, OKB is the best performer among the top 50 altcoins. The asset has exploded by 16% and smashed through $50 for the first time in about two months.
The total crypto market cap has slid by $15 billion in a day and is down to $1.270 trillion.
