Crypto Blog
It’s finally been a day of positivity within the cryptocurrency market. The total capitalization increased above $2.2 trillion on the back of multiple coins charting substantial recoveries from yesterday’s lows.
Bitcoin’s price seems stable, but it’s important to take this calmness with a grain of salt as the sentiment remains uncertain.After a tumultuous day of trading, the Bitcoin price has seemingly found some equilibrium at $57K, where it’s currently trading.As you can see in the chart above, the price went through a rollercoaster throughout the past 24 hours, soaring above $57K and dropping below $55K before finally pushing back above that level and stabilizing around it.has caused a considerably high number of liquidated positions within the derivatives market. Around $240 million was wiped off, $130 million of which came from short traders.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:That said, it’s important to take the current equilibrium with a grain of salt as the predominant market sentiment remains fearful,The entirety of the large-cap altcoins market is in the green – a sight that we haven’t seen for quite a while. Of course, there are some who performed better than others but all of them are trading positively in the past 24 hours.Notably, SOL is up almost 8% in the past day, approaching the pivotal $150 level. ADA is also trading at a 6% increase, same as UNI.The best performer today, from the top 100 coins by means of total market capitalization, is the meme coin BONK, which is up a whopping 25%. On the other hand, ATOM is the only altcoin that failed to capitalize on the uptick and is trading mostly flat.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.Best AI Crypto Coins in 2024: Top 9 Projects to Watch 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.
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