KITE has entered the top 100 alts after a massive 20% surge daily, and a 135% pump monthly.
After a few consecutive days of charting new local lows to $62,500, bitcoin’s price has finally rebounded, and the asset even neared $66,500 earlier today, where it was stopped.
Most altcoins are in the green as well today, with ETH nearing $1,900, and XRP reclaiming the $1.36 support. SOL and XMR have surged the most from the larger caps.
BTC Bounces to $65K
Bitcoin was violently rejected on both occasions at the beginning of the previous business week to reclaim the $70,000 level, and the subsequent corrections pushed it south to $66,000 by Wednesday. It rebounded in the following days and went above $68,000 during the weekend.
However, more macro uncertainty ensued after the latest tariff developments, including another global taxation of 10% to 15% from Trump. BTC remained still at first, but nosedived on Sunday evening/Monday morning when the futures markets opened. In just over an hour, the cryptocurrency plummeted to under $64,500.
After a dead-cat bounce, the bears were back in control on Tuesday and initiated another leg down – this time, bitcoin slumped to a new three-week low of $62,500. The bulls finally woke up at this point and drove the asset north by roughly $4,000. It was stopped there and now sits above $65,000, but it’s still 3% up on the day.
Its market cap has reclaimed the $1.3 trillion level, while its dominance over the alts has climbed above 56%.
Alts Try to Rebound
Most altcoins were hit hard over the past few days as well. Ethereum dipped to $1,800, but now stands $100 higher at $1,900. XRP is back at a crucial support at $1.36, while BNB has neared $600. TRX, DOGE, BCH, ADA, and HYPE are also in the green daily.
SOL and XMR have surged the most from the larger caps. 7% gains have pushed the former to $82, while the latter is above $335.
KITE has entered the top 100 alts with a massive 20% daily surge. MORPHO follows suit, while LEO and WLFI are next.
The total crypto market cap has recovered around $80 billion daily and is up to $2.330 trillion on CG.
Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).
LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.