Ah, the illustrious Bitcoin! Yesterday, it embarked on a rollercoaster of emotions, much like a lovesick poet, when the esteemed US Fed Chair, Jerome Powell, dropped the bombshell that rate cuts might be as elusive as a good night’s sleep after a hearty meal of borscht.
Meanwhile, the altcoins, those fickle friends, have decided to dust themselves off after yesterday’s little tantrum. Solana, that sprightly fellow, is now prancing past $130, while Ethereum, ever the reliable companion, has managed to tap $1,600 once more, as if to say, “Look at me, I’m still relevant!”
BTC: The Comeback Kid
Since the dramatic plunge below $80,000 last week—oh, the horror!—our dear Bitcoin has steadfastly refused to revisit that dark abyss. It gallantly reclaimed its dignity by Friday and has been strutting its stuff ever since.
Over the weekend, it soared to a dizzying height of $86,000, only to be met with a swift kick back down to $83,000 on Tuesday. But fear not! The bulls, those brave warriors, rallied and helped our hero regain over $3,000, reaching a two-week high of $86,500 before being unceremoniously shoved back down to $83,000. Such drama! 🎭
By Wednesday, it had managed to recover to $85,500, but alas! The hawkish words of Mr. Powell regarding tariffs sent Bitcoin tumbling down like a poorly constructed house of cards, losing over two grand in mere moments. What a spectacle!
As of now, it hovers above $84,000, having been thwarted at $85,000. Its market cap, a staggering $1.675 trillion, remains a testament to its dominance, just shy of 61% over the altcoins. Truly, a king among jesters!
SOL and HYPE: A Match Made in Crypto Heaven
In the grand theater of cryptocurrencies, Solana has taken center stage as the star performer among the top 20 altcoins, boasting a nearly 7% gain and trading well past $130. HYPE, that cheeky little upstart, has surged almost 10%, now flaunting a price tag close to $16.5. Bravo! 👏
Other characters in this tale include RNDR, BCH, and TON, all basking in the green glow of prosperity, while ETH, XRP, BNB, DOGE, AVAX, and LINK join the festivities. However, poor TRX has taken a hit, losing nearly 4% of its value. Such is the fickle nature of fortune!
The total crypto market cap has rebounded by over $30 billion since yesterday, now standing proudly above $2.750 trillion. A veritable feast for the eyes!
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2025-04-17 12:27