Bitcoin and altcoins
Bitcoin continued its decline yesterday, plummeting from above $66,000 to hit a local bottom around $63,606 during the session before recovering to above $64,000.
The market also formed its second consecutive red candle after rising for five consecutive days previously.
During the day, the altcoin market was on fire, and BTC suddenly dropped sharply to around $64,000.
Hedera (HBAR) was the worst performer on the day, losing 27% of its value. However, on a weekly timeframe, it is still up nearly 50%.
Worldcoin (WLD), Gnosis (GNO), Bonk (BONK), Jupiter (JUP), Starknet (STRK), Ethena (ENA), Beam (BEAM), Celestia (TIA), Pyth Network (PYTH), Wormhole (W), GALA...all fell sharply by more than 10%.
Other major projects in the top 100 include ORDI (ORDI), dYdX (DYDX), The Graph (GRT), Bittensor (TAO), THORChain (RUNE), Sei (SEI), Fetch.ai (FET), Avalanche (AVAX) ), Aptos (APT), Sui (SUI), Synthetix (SNX), Akash Network (AKT), Pepe (PEPE), Ethereum Classic (ETC), Injective (INJ), Solana (SOL), MultiversX (EGLD), dogwifhat (WIF), Mina (MINA), Render (RNDR), Core (CORE)…all fell 7-9%.
After recovering to nearly $3,300, Ethereum (ETH) suddenly turned around and fell along with the broader market.
It closed lower yesterday, down nearly 2.5%, and is currently priced around $3,150.
(Personal opinion, not a recommendation)
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