Bitcoin’s volatile price movements continue as the asset jumped to $102,000 yesterday but was stopped there and pushed south by a few grand.
The altcoin space is well in the green now after the Friday morning correction, including XRP, which has finally reclaimed the $2.4 level.
BTC Looks Toward $100K
It was another historic week in the cryptocurrency markets as bitcoin did what many thought throughout the years as impossible. After dumping $93,500 on Tuesday and $94,500 on Wednesday, the primary digital asset resumed its bull run on Thursday and skyrocketed by almost ten grand. As such, it managed to break through the coveted $100,000 line and jumped to a mark a fresh all-time high of $103,800.
After breaking into uncharted six-digit territory, the asset faced a massive flash crash. Perhaps due to the large number of leveraged positions, bitcoin slumped hard by over ten grand and dumped briefly to $92,000 on Friday morning.
However, it bounced off and started to regain traction almost immediately. As such, it jumped past $100,000 once again on Friday evening and tapped $102,000. Another rejection followed, and BTC now stands inches below the six-digit mark.
Its market capitalization has retraced to just under $2 trillion on CG, while its dominance over the alts is down to 51.4%.
HBAR Enters Top 20
The altcoins faced similar enhanced volatility on Friday morning but have turned green now. Ethereum even managed to break past $4,000 yesterday evening but has slipped to just under that level now. XRP was among the poorest performers in the past couple of days but has jumped by 6% since yesterday and is above $2.4.
Other daily gainers include BNB, DOGE, ADA, SHIB, XLM, LINK, and APT. HBAR has stolen the show once again by surging by almost 20% daily. Moreover, the asset has gained 100% on a weekly scale and a mindblowing 590% on a monthly.
The total crypto market cap remains close to its peak at just under $3.850 trillion.
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.
Cryptocurrency charts by TradingView.
Credit: Source link
