Bitcoin (BTC) price tried to reach the $24,500 level but took a sudden turn and lost almost $1,000. More 24-hour volatility has arrived from Dogecoin. On the other hand, EOS gained about 30 percent in the same time frame.
Altcoins traded calmly yesterday, but many had their ups and downs. Dogecoin is the best example of this. Dogecoin jumped from below $0.8 to $0.92 on the Binance exchange, jumping to a multi-week high in hours. It later retraced the same way and is now trading below the $0.85 level.
EOS was the best performing altcoin among the midrange altcoins. The price of EOS increased by about 30 percent in one day. As a result, it reached a 3-month high above $1.6.
Looking at the 24-hour situation, altcoins with large market caps also seem stagnant. Except for a few short-term price fluctuations, the prices of ETH, BNB, ADA, XRP, and SOL stayed at the same level as they were yesterday. Shiba Inu, Avalanche, and MATIC recorded insignificant decreases.
XTZ price started trading near the $2 level, gaining more than 8 percent in a single day. Thus, he became an impressive actor.
The cryptocurrency market value was rejected at $1.2 trillion a few days ago. It currently stands at $1,150 trillion.
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Bitcoin Drops Below $24,000
Bitcoin price traded above the $25,200 level over the weekend, hitting a two-month high. This came after a last push to the $25,000 level. But both resulted in obvious refusals.
Bitcoin price slumped below the $24,000 level after a $1,000 drop. He spent most of the next few days there, but in the last 24 hours, he’s started to take a step. The bulls pushed it to an intraday high below the $24,500 level. A new significant price drop followed, and Bitcoin once again fell below $24,000 from where it is now.
Bitcoin’s market cap remains above the $450 billion level. But its dominance over altcoins has dropped below 40 percent to a multi-month low.