🚀🚀 Bitcoin (BTC) made a bold move yesterday, soaring over $62,000! But alas, it couldn't hold its ground and has since retreated below that level.
BTC kicked off the week on a high note, entering Monday at over $64,000. But the bears were quick to pounce, sending the cryptocurrency tumbling down to $58,400 in just a few hours - its lowest in nearly two months. 📉
But the bulls weren't having it! They stepped in, preventing any further declines and pushing BTC back over the coveted $60,000 line. BTC even managed to leap over $62,000 on Wednesday. However, it couldn't sustain the momentum and has since slipped back to $61,500. 🐂
Despite the rollercoaster ride, BTC's market cap has managed to climb above $1.2 trillion. But its dominance over altcoins is wavering, struggling below 50.5%.
Meanwhile, altcoins like DOT, AVAX, and SOL have been making waves. SOL's price shot up and tapped $150 for the first time in weeks after VanEck filed to launch the first Solana ETF in the States. AVAX and DOT also posted gains, rising above $28 and $6 respectively. 💹
The total crypto market cap has regained about $40 billion overnight and is now above $2.4 trillion. So, despite BTC's recent struggles, the overall crypto market seems to be in good shape! 🌐
Stay tuned for more BTC updates! Remember, the crypto market is a wild ride, but as long as we're buckled in, we can enjoy the journey! 🚀🌕