In yet another tumultuous 24 hours, Bitcoin soared nearly $3,000 in a matter of minutes before crashing back down to re-test $55,000. CRO and EGLD continue to outperform other cryptocurrencies during the day, despite the fact that most altcoins are also in the red.
Bitcoin’s exhilarating 24-hour journey
Following last week’s price drops, Bitcoin began to recover over the weekend, hitting $60,000 for the first time in days on Saturday and Sunday. However, it was unable to surpass this desirable threshold, and the asset’s subsequent rejection drove it down.
BTC dropped below $57,000 in just a few hours, losing about $3,000 in value. When Bitcoin went on the attack and soared beyond $59,000 yesterday, the situation altered dramatically.
However, it turned out to be a ruse, as BTC quickly lost all momentum and plummeted below $56,000 in the hours that followed. Following that, Bitcoin soared by more than a factor of ten, surpassing $57,000, where it presently stands.
Despite this, BTC’s market capitalization has plummeted below $1.1 trillion, and its dominance over altcoins has shrunk to just under 42%.
EGLD’s incredible run continues
Over the last 24 hours, most cryptocurrencies have followed BTC’s lead, which means they are currently in the red. In a single day, Ethereum has lost 1.5 percent of its value, plummeting to $4,100. The second-largest cryptocurrency hit a new high of about $4,900 roughly two weeks ago, but has since dropped by $800.
Avalanche is down 4% on the day, despite being one of the strongest performers recently. As a result, AVAX is currently trading below $130. Shiba Inu is now at $0.000042, down the same proportion.
Crypto.com’s native token, on the other hand, has climbed by 11% and is now trading at $0.75.
Elrond continues to break records, the most recent of which was $540 today. Since last Friday, when the project launched a large liquidity campaign for its more than $1 billion DEX, ELGD has risen by 70%.
The Sandbox (37 percent), Amp (20 percent), Voyager Token (16 percent), Decentraland (11 percent), and Enjin Coin (11 percent) are among the other winners (10 percent ).
Fountain (-43%), Flow (-11%), ICON (-10%), Stacks (-10%), and Oasis Network (-8%) were the stocks that lost the greatest value in a single day.