Yesterday, Bitcoin‘s price reached an upward trend of more than $72,500 – a new high in the past few weeks. However, it couldn’t sustain this rise and has since retreated, currently hovering around $70,000.
Many alternative cryptocurrencies, including DOGE, SOL, and BCH, have experienced price declines today. However, TON has bucked the trend with a significant double-digit increase, reaching a new record high.
BTC Fails at $72.5K
Last week, Bitcoin, the leading cryptocurrency, experienced a significant price drop, with the most notable decline occurring on Wednesday. This decrease was due in part to reports that the US government had moved 2,000 Bitcoins to Coinbase for selling purposes. The asset regained some value the next day but then plummeted again, falling below $66,000.
Over the weekend, Bitcoin managed to halt its decline and gained some ground back. However, despite reaching the $70,000 mark by the end of the week, it was unable to surpass this level during Sunday’s trading session.
On Monday morning, the highly sought-after price tag of BTC finally succumbed, giving way to a significant surge. According to reports from the previous day, Bitcoin experienced a powerful upthrust that exceeded $72,500 for the first time in approximately four weeks.
As the asset neared its record-breaking price of $73,800, the community anticipated further growth. However, unexpectedly, the asset’s direction changed, resulting in a loss of over $2,000 from its value.
The market value of the company is currently at $1.380 trillion, which is a decrease from before. Additionally, its leadership among alternative assets has weakened, and it now holds less than a 50% share.
TON’s World
Earlier today, CryptoPotato announced that TON reached a new record high of over $6.5. Since then, this asset has continued to grow, increasing by around 23% and now sits near $6.8. Additionally, TON has surpassed ADA in market capitalization, making it the tenth largest cryptocurrency.
ETH, XRP, Matic, and CRO are among the larger-cap alternatives that are seeing slight gains today. On the other hand, Dogecoin has experienced a significant drop of 5%. Following closely behind are Solana (-3.7%), Binance Coin (-2%), Bitcoin Cash (-3.8%), and Avalanche (-3.6%), among others, which have also declined in value.
Approximately $60 billion worth of cryptocurrencies have been lost from the market since the previous high, bringing the total value to around $2.77 trillion according to CoinMarketCap’s current figures.
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2024-04-09 11:52