As a seasoned researcher with years of tracking and analyzing the crypto market under my belt, this latest surge in Bitcoin and altcoins has been nothing short of exhilarating. I remember the days when $100,000 seemed like a distant dream for BTC, and here we are now, witnessing it as a mere stepping stone towards even greater heights.
As a crypto investor, I’ve been riding the ups and downs, but finally, after some challenging days, Bitcoin has made a spectacular surge, breaching the $100,000 mark and even touching $102,000 for the first time since last Friday.
As an analyst, I’m observing a positive trend among altcoins today. Notably, coins such as AAVE, HYPE, SUI, LINK, BEAM, and several others are experiencing significant double-digit price surges.
BTC Jumps to $102K
As a researcher studying the dynamics of primary cryptocurrency markets, I found that it attempted to breach the six-digit threshold over the weekend, but faced obstacles on multiple occasions. These hindrances carried over into the start of the business week, resulting in two consecutive price declines to $94,400 on Monday and Tuesday.
Nevertheless, that line offered sufficient reinforcement, causing BTC to rebound. In reality, it mounted a strong attack and surged by nearly eight thousand dollars on Wednesday, reaching $102,000. It briefly touched this level twice within a short period but was unable to exceed it, now hovering just under $101,000.
Despite not reaching a new peak, this cryptocurrency has persisted in trading at six-digits for an extended period, which is a record so far.
The value of its market capitalization is approaching $2 trillion, and it’s worth noting that its control over the alternative cryptocurrencies has decreased by a small margin to approximately 52.3%.
Alts on the Rise
During the initial market adjustment this week, various alternate currencies took a significant hit. However, within the last day, several of them have experienced astonishing growth.
These cryptocurrencies – AAVE, HYPE, SUI, LINK, BEAM, UNI, ENA, APT, and numerous others – have seen a significant jump in price, with AAVE experiencing a 32% increase, HYPE at 29%, SUI at 26%, LINK at 23%, BEAM at 21%, UNI at 19%, ENA at 17%, and APT also at 17%.
The larger alternative cryptocurrencies are also rising, but at a less pronounced level. Ethereum is increasing by 5.5%, Ripple (XRP) by 1.7%, Binance Coin (BNB) by 4.2%, and Dogecoin by 3%. On the other hand, Cardano (ADA) and Tron (TRX) have significantly gained, with ADA rising by 12.5% and TRX increasing by 10%.
The cumulative market capitalization has shot up by over $200 billion since yesterday and is above $3.8 trillion.
Read More
- SUI PREDICTION. SUI cryptocurrency
- „People who loved Dishonored and Prey are going to feel very at home.” Arkane veteran sparks appetite for new, untitled RPG
- LDO PREDICTION. LDO cryptocurrency
- Destiny 2: A Closer Look at the Proposed In-Game Mailbox System
- Clash Royale Deck Discussion: Strategies and Sentiments from the Community
- Jennifer Love Hewitt Made a Christmas Movie to Help Process Her Grief
- ICP PREDICTION. ICP cryptocurrency
- Naughty Dog’s Intergalactic Was Inspired By Akira And Cowboy Bebop
- Critics Share Concerns Over Suicide Squad’s DLC Choices: Joker, Lawless, and Mrs. Freeze
- EUR IDR PREDICTION
2024-12-12 14:02