Bitcoin’s brief rally petered out after failing to sustain prices above $43,500.
Bitcoin
Bitcoin failed to maintain the recovery momentum from the previous day.
After hitting a local top around $43,500, the momentum seems to have weakened, gradually pulling the price back below $43,000 and continuing to approach the $42,000 area.
Altcoin market on fire as Bitcoin’s brief recovery continues to falter
Bonk (BONK), Internet Computer (ICP), Celestia (TIA), and Osmosis (OSMO) were the worst performing projects on the day, losing more than 10% of their value. However, over a 7-day period, BONK and ICP still made more than 60% of their profits.
Other projects in the top 100 include: Beam (BEAM), THORChain (RUNE), Curve DAO Token (CRV), Gnosis (GNO), Arweave (AR), Polygon (MATIC), BitTorrent (BTT), Cosmos (ATOM), Optimism (OP), Cardano (ADA), Frax Share (FXS), Render (RNDR), Filecoin (FIL), Stacks (STX), Fantom (FTM), Conflux (CFX), Lido DAO (LDO)… Decreased -9% from 4.
On the contrary, there are still a few projects that have performed well in the past 24 hours, such as Sei (SEI), NEAR Protocol (NEAR) and Blur (BLUR), which have increased by more than 10%.
Ethereum (ETH) is back below $2,200 after failing to sustain a recovery above $2,250. The price has lost more than 3% in the past 24 hours and is currently trading around $2,175.
(Personal opinion, not a recommendation)
In the crypto industry, if you want to seize the next bull market opportunity, you need to have a high-quality circle so that everyone can keep each other warm and maintain insight. If you are alone, looking around and finding no one, it is actually very difficult to persist in this industry.
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