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After weeks of consolidation and a lack of actual volatility, bitcoin finally broke out yesterday and charted a new peak at $120,000 before it corrected slightly. Many altcoins have produced even more impressive price pumps in the past 24 hours, led by PENGU, WIF, and FARTCOIN.
Recall that the primary cryptocurrency began the month with stagnation and even a brief correction that drove it to just over $105,000. However, it reacted well at this point, erased all losses, and even jumped past $110,000 a day later. It couldn’t maintain its run and returned to $108,000, where it spent most of the weekend. Monday started with another breakout attempt, but to no avail as the bears emerged at $109,600 and pushed it south. After another day of consolidation on Tuesday and most of Wednesday, the cryptocurrency finally shot up on Wednesday evening. Perhaps due to Donald Trump’spast $110,000 and continued climbing to break its previous all-time high, setting a new one at $112,000 .This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Although it has retraced by about a grand since then, its move to the upside caused a painful liquidation for a certain whale. Data from CoinGlassThe declining BTC dominance in times of price pumps means that alts have performed better, a lot better. This is evident from many larger-cap ones, such as ETH, which tapped $2,800 for the first time in weeks. DOGE, ADA, HYPE, SUI, XLM, AVAX, HBAR, and SHIB are also well in the green, with gains of up to 10-11%.The cumulative market cap of all crypto assets has risen by approximately $100 billion since yesterday and is up to $3.540 trillion on CG.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.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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