Oh, what a jolly Friday it was for Bitcoin! It danced and pranced above $106,000, waving its shiny coins like a cheeky little rascal. But alas, the bears, those grumpy old things, decided to crash the party and sent it tumbling down by a whopping four grand! 🎢
Meanwhile, the altcoins were as sluggish as a snail on a lazy Sunday. SOL, ADA, XRP, and SUI were all sulking in the red, while PEPE and DOT decided to throw a little confetti and celebrate with some gains. 🎉
BTC to $102K
Our dear Bitcoin started the week with a clumsy stumble, thanks to a wild AI frenzy from China called DeepSeek. It was like watching a toddler learn to walk! On Monday morning, it plummeted over $7,000, landing below $98,000 for the first time in ages. Ouch! 😱
After a rather pathetic attempt to bounce back later that day, the bulls finally decided to put on their capes and swoop in on Tuesday, lifting BTC back into the six-digit realm. The markets took a breather on Wednesday, eagerly awaiting the yearly FOMC meeting. But when the Fed announced they wouldn’t change interest rates, Bitcoin started to lose its sparkle. ✨
In less than an hour, it nosedived from $103,000 to $101,500. But wait! Like a cat with nine lives, it bounced back to $106,500 on Thursday, only to crash again on Friday evening to $101,300 (on Bitstamp). It’s like a rollercoaster ride that just won’t end! 🎢
Even though it managed to recover a smidge, it’s still down over 2% for the day, struggling to stay above $102,000. Its market cap has slipped below $2.020 trillion, and it’s holding onto a 55.6% dominance over the altcoins like a kid clutching their favorite toy. 🧸
SOL Slips Further
Once upon a time, SOL was the belle of the ball, riding high on the TRUMP token mania. But oh dear, how the tides have turned! It’s now down by 8% this week, with a price tag that’s barely scraping under $230. Poor thing! 😢
On a daily scale, the larger-cap alts like XRP, ADA, BNB, DOGE, TRX, and AVAX are also feeling a bit blue. ETH, LINK, and TON are managing to stay afloat with minor gains, while PEPE and DOT are throwing a little party with 3-4% jumps. 🎈
In a shocking twist, the total crypto market cap has seen over $80 billion vanish in a puff of smoke, now resting at $3.630 trillion on CG. Where did it all go? To the land of lost coins, perhaps? 🪙
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2025-02-01 12:29