Cryptocurrencies Showing Impressive Growth and Setting Records as Bitcoin Approaches $110K (Market Watch)
🔥 Heyy there! Let's dive into the curdy kryptonite space, shall we? Bitcoin's wild dance nearly hit the $110k mark earlier, but it was a waltz without success.
Altcoins, though, they're having a bangin' time! Led by Uniswap's 16% shine and SPX's 15% pump, many are posting gains that'll make your head spin.
Bitcoin's Historical Hike and Halt
Bitcoin, our precious crypto, saw a significant correction at the tail end of the previous business week. The Trump-Musk spat left it sliding to a multi-week low under $100,500. But barring another dreadful dip into the five-digit land, the powerful bulls refused to let it go any lower. Instead, it bounced back during the weekend to trade between $104k and $106k.
As the new week began, the market sparked back to life, pushing Bitcoin to touch $110.5k for the first time in about 14 days. Yet, it couldn't maintain the momentum and is currently lingering just under $110k. Here are some key support and resistance lines you should watch out for:
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For now, Bitcoin's market cap stands sluggish at $2.180T, while its grip on the alts has slightly loosened to just under 61%.
HYPE's Sky-High Surge
HYPE, the rockstar of altcoins, keeps breaking new barriers, hitting its latest ATH earlier today, soaring to almost $43 after a massive surge.
But other altcoins are also making waves. For instance, UNI skyrocketed by 16%, followed by SPX (15%), XDC (13%), OP (12%), A (12%), and ARB (11%).
The star performers among the larger-cap alts include AAVE, BCH, LINK, SOL, and DOGE, with price boosts of up to 7%.
Ethereum reached $2,800 earlier today but halted its progress, while XRP is still fighting tooth and nail against the $2.3 resistance.
The crypto market cap climbed by almost $50B and now stands at $3.580T.
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- Despite Bitcoin's brief touch of over $110k, it failed to maintain the momentum and is currently trading just under the mark.
- Altcoins, such as Uniswap, SPX, XDC, OP, A, ARB, HYPE, AAVE, BCH, LINK, SOL, and DOGE, have been having a remarkable time, with gains that are making heads spin.
- As for HYPE, the rockstar of altcoins, it has been breaking new barriers, reaching almost $43 after a massive surge.
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